#familyfirm

[tharawatmagazine-blog]

“Compared to the prominent family dynasties in the American business world such as the Waltons, Kochs, or Marriotts, the Mars Family and their corporation Mars, Incorporated is a relatively secretive group. Though it is the sixth largest privately held company in the U.S., many of the nuts and bolts of its success are unknown to the public, who better knows the brand for its line of candies such as M&M’s and Snickers. But the history of the Mars family tells the tale of family-driven growth, from initial stumbles to creative success that extends far beyond candy. Ironically for the Mars family however, it may have been a split between father and son that led to this success.” ⠀ ⠀ The Prodigal Son Returns – The $78 Billion Mars Family Business⠀ ⠀ read full article on tharawat-magazine.com⠀ or find link in bio for Tharawat Magazine⠀ .⠀ .⠀ .⠀ .⠀ .⠀ .⠀ #familybusiness #entrepreneurship #entrepreneur #familyownership #businessowner #business #strategy #innovation #magazine #content #media #familyfirm #inspiration #generations #family #company #sustainability  #motivation #success #management #emotions #challenges #work #instalike #people #mars #succession #M&M #founder #growth

[jeritaylorswade]

Did you know that 64% of United States🇺🇸GDP comes from family owned businesses? A business run by a strong 💪 family is a wonderful asset, indeed! 😄

[ramiael]

“I think it will be important to keep pruning the family tree so that the owners continue to feel responsibility for the business. Another thing is to think of the business as an ecosystem where the only way to survive is if the other parts of the ecosystem want you to be around. We have to design the company in such a way that everybody else wants us to be around. We have to move forward with a servant-leadership mindset whereby we want to be the best but are always serving our stakeholders.” ⠀ Philipp Aminoff, Chairman of Helvar Merca, Finland #familybusiness #familyownership #business #entrepreneur #entrepreneurship #businessowner #company #leadership #strategy #innovation #magazine #content #media #familyfirm #ownership #sustainability #quotation #inspiration #motivation #success #generations #management #family #siblings #emotions #challenges

[martinianpaul]

RT @JacquiDunbar: So proud of the young people we work with who are care experienced. It's #CareDay and we #BelieveInYou #FamilyFirm… https://t.co/OTnkOiFqn8

So proud of the young people we work with who are care experienced. It's #CareDay and we #BelieveInYou #FamilyFirm #AvatarsAdvocate https://t.co/dZJMCJm1yU

— Jacqui Dunbar Photo (@JacquiDunbar) February 17, 2017

via Twitter https://twitter.com/martinianpaul February 17, 2017 at 11:30AM

[tharawatmagazine-blog]

“Family firms are the most common form of businesses in the world. It almost seems natural for an entrepreneur to start up a business and for his children to take it over after him, whether it was a small corner store or a large conglomerate. However, when family businesses are discussed, the first things that come to mind, apparently, are the disadvantages and challenges that come with the family’s presence, especially if the businesses were large.” ⠀ ⠀ The ‘Familyness’ of Family Firms⠀ Is the Family Aspect a Competitive Business Edge?⠀ ⠀ read full article on tharawat-magazine.com⠀ .⠀ .⠀ .⠀ .⠀ .⠀ .⠀ #familybusiness #entrepreneurship #entrepreneur #familyownership #businessowner #business #strategy #innovation #magazine #content #media #familyfirm #inspiration #generations #family #company #sustainability  #motivation #success #management #emotions #challenges #work #instalike #research #competitive #marketing

[tharawatmagazine-blog]

We are happy to partner with the @dibshow again this year! “Oliver Kormann was always a major water enthusiast. Since the age of 9, he loved to swim, snorkel, dive and sail on his parents’ ocean catamaran. As a member of the Austrian national team in the Olympic boat class Tornado, Kormann even participated in the World and European Championships, making life without water and the ocean unthinkable.” ⠀ ⠀ Innovation in Luxury Boating: Interview with KORMARAN CEO Oliver Kormann⠀ ⠀ read full article on tharawat-magazine.com⠀ .⠀ .⠀ .⠀ .⠀ .⠀ .⠀ #familybusiness #entrepreneurship #entrepreneur #familyownership #businessowner #business #strategy #innovation #magazine #content #media #familyfirm #inspiration #generations #family #company #sustainability  #motivation #success #management #family #emotions #challenges #work #instalike #luxury #watercraft #austria #kormaran #boat

[tharawatmagazine-blog]

“Our lending program is unique in that we can offer much cheaper loans compared to banks and financial lenders because our success rates are so high. The insights we have of the merchants’ businesses allow us to better predict the success of our loans, which in turn guarantees a healthy revenue for us. This has been great for the vendors too – in fact, they are lining up in droves and many of them signing up for the ftcash payment service just to access the cheap loans. Many merchants and micro-entrepreneurs in India are looking for money to invest in and expand their businesses but face difficulty with traditional banks. ftcash’s loan solution is a win-win because it incentivizes vendors to adapt digital payments much sooner, which is ultimately beneficial to their businesses and makes them more credit-worthy.” ⠀ ⠀ ftcash - The Power of Fintech⠀ read full article on tharawat-magazine.com⠀ .⠀ .⠀ .⠀ .⠀ .⠀ #familybusiness #tharawatmagazine #business #strategy #growth #entrepreneurship #entrepreneur #familyownership #businessowner #business #strategy #innovation #magazine #content #media #familyfirm #inspiration #generations #family #company #sustainability  #motivation #success #management #family #emotions #challenges #work #instalike #india #ftcash #personaldevelopment

[tharawatmagazine-blog]

“The pages of human history have been shaped by powerful leaders that rise above their peers to transform societies and establish dominion over the lands. And although the ways in which many leaders wield their power have not always been for the benefit of society and at times have been outright controversial, the qualities that cast these figures into prominence are certainly worth a closer look.” ⠀ ⠀ Notable Examples of Leadership Throughout the Ages⠀ read full article on tharawat-magazine.com⠀ ⠀ .⠀ .⠀ .⠀ .⠀ .⠀ #familybusiness #entrepreneurship #entrepreneur #familyownership #businessowner #business #strategy #innovation #magazine #content #media #familyfirm #inspiration #generations #family #company #sustainability  #motivation #success #management #emotions #challenges #work #instalike #leadership #ages #history #listicle

[tharawatmagazine-blog]

“We started to sell our gelato in a small 25 square metre shop. The value proposition was based on one simple idea. If we put in the best ingredients, we cannot make a bad gelato. Our location was ideal and after one month the line of people queuing in front of our little shop was 30 metres long. During the following year we realised that the real key to the success of our business lay in managing the agricultural production of the ingredients and so in 2007 we bought our own farm in Piedmont. We started to cultivate our own fruit. We like to joke today that we manage our whole value chain from the quality of the manure to the design of the cup in which we serve our gelato. Our strategy is total vertical integration.” ⠀ ⠀ When Friends Make Gelato – The Success Story of Grom⠀ Interview with Federico Grom, Co-Founder, Grom, Italy⠀ read full article on tharawat-magazine.com⠀ .⠀ .⠀ .⠀ .⠀ .⠀ #familybusiness #entrepreneurship #entrepreneur #familyownership #businessowner #business #strategy #innovation #magazine #content #media #familyfirm #inspiration #generations #family #company #sustainability  #motivation #success #management #family #emotions #challenges #work #instalike #gelato #italy #icecream #grom

[tharawatmagazine-blog]

“Carnegie strongly believed that excess wealth should not be used in charities that trap the less fortunate in a continued cycle of poverty. Instead, it should be used to create institutions that can lead to their betterment.” ⠀ ⠀ Andrew Carnegie's Gospel of Wealth⠀ read full article on tharawat-magazine.com⠀ .⠀ .⠀ .⠀ .⠀ #familybusiness #entrepreneurship #entrepreneur #familyownership #businessowner #business #strategy #innovation #magazine #content #media #familyfirm #inspiration #generations #family #company #sustainability  #motivation #success #management #family #emotions #challenges #work #instalike #carnegie #america #wealth #charity

[tharawatmagazine-blog]

“We found that the value of generosity was prevalent in family-owned firms. This means being generous to clients, to employees, to the world. And we didn’t find it to the same extent in the non-family organisation. The values found in the family-owned businesses (generosity, humility, compassion) all shared a human component.⠀ I believe that these values, linked with the long-term perspective and their sense of legacy that most family firms have, create workplaces that care about human well-being and happiness across time. I believe that family owned firms have all the power to make the world a happier place. However, many family businesses do not realise they have this power.” ⠀ ⠀ The Science of Happiness In Family and Business⠀ Interview with Lucia Ceja, PhD, IESE Business School and Families in Business Analysis Center, Spain⠀ read full article on tharawat-magazine.com⠀ .⠀ .⠀ .⠀ .⠀ .⠀ #familybusiness #entrepreneurship #entrepreneur #familyownership #businessowner #business #strategy #innovation #magazine #content #media #familyfirm #inspiration #generations #family #company #sustainability  #motivation #success #management #family #emotions #challenges #work #instalike #hapiness #generosity #research #IESE

[tharawatmagazine-blog]

“Some people dream of one day taking the helm of their family business and long for the day they get to sit in the CEO’s chair. For Lifeway Foods President and CEO Julie Smolyansky, that day came far sooner than she expected and under the most tragic of circumstances. After her father Michael Smolyansky passed away from a heart attack in 2002, it fell upon Julie, then 27, to take over the business. There were many who doubted her ability and did little to hide their feelings.⠀ “The day that he died, my dad’s best friend said, ‘Oh, sell your stock — there’s no way this girl can run a company,” Smolyansky told Forbes Magazine in 2014.” ⠀ ⠀ Lifeway Foods: From Home-Based Business to International Success⠀ read full article on buff.ly/2ik4apF⠀ .⠀ ⠀ .⠀ ⠀ .⠀ ⠀ .⠀ ⠀ ⠀ #familybusiness #entrepreneurship #entrepreneur #familyownership #businessowner #business #strategy #innovation #magazine #content #media #familyfirm #inspiration #generations #family #company #sustainability  #motivation #success #management #family #emotions #challenges #work #instalike #kefir #womeninfamilybusiness #nextgen #lifeway

[tharawatmagazine-blog]

5 Ways That Private Companies Are Better Than Public Companies:⠀ ⠀ 1. A private company has no obligation to reveal its financial results to the public whereas the public company has to report every quarter. Therefore, they are relatively free from the notorious short-term pressures of Wall Street shareholders or analyst’s expectations.⠀ ⠀ 2. Private companies do not have to share business details with the public, which can be beneficial when it comes to the subject of competition. As we all know, it can be of disadvantage if competitors know about your business secrets.⠀ ⠀ 3. It is easier for private companies to invest in long-term growth strategies. Obviously the company can develop short-term goals but it can freely put efforts into R&D and investments that might not pay off instantly.⠀ ⠀ 4. The private company has more freedom and flexibility when it comes to corporate governance. While it must apply accurate and current accounting practices, the private company doesn’t need to meet the complex accounting rules and standards applied to public companies.⠀ ⠀ 5. The private business owner has no other formal authority to answer to as long as he or she operates within the law. Hence they have much more authority and control over business activities and decision-making.⠀ ⠀ read full article on tharawat-magazine.com⠀ .⠀ ⠀ .⠀ ⠀ .⠀ ⠀ .⠀ #familybusiness #entrepreneurship #entrepreneur #familyownership #businessowner #business #strategy #innovation #magazine #content #media #familyfirm #inspiration #generations #family #company #sustainability  #motivation #success #management #family #emotions #challenges #work #instalike #public #listicles #company

[tharawatmagazine-blog]

“I think to be successful in business you have to be good at strategy, execution, and decision-making. But I also think that you need a lot of luck. To me, a successful entrepreneur is someone who has the luck to create wealth; it greatly depends on the people you meet, the value you’re creating, and not least of all on how you use your brain. The intellectual capital that you are developing is the core of the success that you will experience. I don’t think that money would be my metric on that one. How do you measure it? By the degree of freedom you experience, and your independence of thinking.” ⠀ ⠀ Entrepreneurship as a Legacy⠀ Interview of Frédéric Guinot⠀ read full article on tharawat-magazine.com⠀ ⠀ .⠀ .⠀ ⠀ .⠀ ⠀ .⠀ ⠀ #familybusiness #entrepreneurship #entrepreneur #familyownership #businessowner #business #strategy #innovation #magazine #content #media #familyfirm #inspiration #generations #family #company #sustainability  #motivation #success #management #family #emotions #challenges #work #instalike #france #renault #value

[tharawatmagazine-blog]

“Northern California is home to many families whose ancestors came to San Francisco in the mid 19th century to pursue their luck in the gold rush. But one young adventurer’s journey took quite a different turn.⠀ When Etienne Guittard left Tournus, France to join the California Gold Rush, he brought chocolate from his uncle’s factory as a means to barter for mining supplies. What he discovered was the miners and locals alike were willing to pay a premium for the delicious treat. He immediately saw the opportunity that was richer than panning for gold.⠀ He returned in 1868 and opened Guittard Chocolate on Sansome Street. Now 149 years later, the same enterprise still stands as a thriving family owned business.” ⠀ ⠀ Guittard Chocolate Company – The Happy Balance between Innovation and Tradition⠀ read full article on tharawat-magazine.com⠀ .⠀ .⠀ .⠀ .⠀ #familybusiness #entrepreneurship #entrepreneur #familyownership #businessowner #business #strategy #innovation #magazine #content #media #familyfirm #inspiration #generations #family #company #sustainability  #motivation #success #management #family #emotions #challenges #work #instalike #chocolate #guittard #sanfrancisco

[tharawatmagazine-blog]

Fortune favours the brave! Double tap if you dare! #familybusiness #familyownership #business #entrepreneur #entrepreneurship #businessowner #company #leadership #strategy #innovation #magazine #content #media #familyfirm #ownership #sustainability #quotation #inspiration #motivation #success #generations #management #family #siblings #emotions #challenges