Page 3 - Family Business

Cartiers took several generations to build trust, reputation: Brickell

'In the Cartiers' case, a few strategic marriages to the next generation of founders brought in funds to the family', said Brickell

Dealing with family businesses

Business partners should take care to understand the family in a family business or they may find family businesses too enigmatic to deal with

Most family business founders in India have no succession plan, says survey

"The STEP 2019 Global Family Business Survey shows that family businesses in different parts of the world are also exposed to these challenges," she added.

India has third highest number of family-owned businesses in the world

The 111 companies have the total market capitalisation of $839 billion

'Unplease' to succeed

Leaders of family-owned businesses must put processes in place for informed decisions