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Thoughts on family business

Published: Feb 16, 2019 06:49:43 AM IST
Updated: Feb 15, 2019 04:56:05 PM IST

Thoughts on family business

When I took over the family business, it had already been a publicly traded company for 20 years. During one of the first annual meetings I attended, one shareholder stood up and advised me and everyone in attendance that I should resign.  
—Azim Premji

I had the option of building a career in the US… but for me, building the family business and being with family was worth it.
—Baba Kalyani

When we took over, we made a pact that we wouldn’t argue about little things. We get along because the business is more important than who’s right and who’s wrong.
—Judith Lowry

What I have found is that in a family business structure sometimes what is needed is a sense of discipline rather than creativity… when you are dealing with money, there is a limitation on how creative you can be.
—Ashwin Sanghi

I don’t like the word ‘dynasty’, but that’s what it is. It’s not just a business. There’s a lot going on in the background.
—Jake Dyson

Tradition is like a bow. The more we stretch the bowstring, the farther we can throw the arrows of modernity and innovation.
—Giovanni Ferrero

It’s the downside of a family business; anything good is because I’m somebody’s son; otherwise, I’m a schmuck.
—Edgar Bronfman

It’s something real fun to do. It’s a family business.
—Ron White

Starting a business with a brother either ends business or ends brotherhood.
—Amit Kalantri

I was not very keen on joining the family business... there were 14 family members working together, and it worried me that I would not have enough individuality.
—Uday Kotak

(This story appears in the 01 March, 2019 issue of Forbes India. To visit our Archives, click here.)

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