{"id":3468,"date":"2019-04-18T11:20:57","date_gmt":"2019-04-18T11:20:57","guid":{"rendered":"https:\/\/www.indiabizforsale.com\/blog\/?page_id=3468"},"modified":"2021-11-11T09:52:05","modified_gmt":"2021-11-11T09:52:05","slug":"no-founder-is-bigger-than-the-biz-he-runs","status":"publish","type":"page","link":"https:\/\/www.indiabizforsale.com\/blog\/no-founder-is-bigger-than-the-biz-he-runs\/","title":{"rendered":"No Founder Is Bigger Than The Biz He Runs!"},"content":{"rendered":"

\"\"<\/p>\n

A well-written article in ET today, many inside nuggets of the dealings at JET Airways, many lessons for\u00a0family run\/controlled businesses. Even if there is a competent team but without any significant decision making power, it is a team like the Lion in the cage.<\/p>\n

This is the company I built from scratch, I have shed blood and sweat for this company, how can I give control of this to someone else?\u00a0<\/span><\/p>\n

Shall I exit?\u00a0<\/span><\/p>\n

He talks to them all, but finally listens only to himself. He refuses to relent or cede control.<\/p>\n

The only suitor with a comprehensive offer walked off never to return.<\/p><\/blockquote>\n

Above are some of the quotes and findings while speaking to different stakeholders with the knowledge of JET Airways. Click the link below to read this insightful article<\/p>\n

https:\/\/economictimes.indiatimes.com\/industry\/transportation\/airlines-\/-aviation\/jet-airways-naresh-goyals-folly-how-to-crash-a-business\/articleshow\/68930916.cms<\/a><\/p>\n

It’s not surprising that many small business owners expect their children to continue\u00a0running and expanding their business. After all, the founders of a business have\u00a0dedicated many years to build it and continue running it. By the time they are ready\u00a0to retire and let someone else manage the operation, the business is intertwined with\u00a0many of the family expectations and traditions.\u00a0IndiaBizForSale<\/a> transaction advisory team comes across many such promoter driven businesses which are not suited for a profitable exit or investment in the company; the second line of the management is almost not there. Our team strive hard to share the best practices and corrective actions, ultimately the management team has to plan and execute these.\u00a0The newer generation in the business is generally bit more aligned with\u00a0this approach.<\/p>\n

The new age\u00a0business life cycle<\/strong> is the progression of a business and it phases over time, and is most commonly divided into stages: Idea,\u00a0Startup, Growth,<\/strong>\u00a0maturity<\/b>, and\u00a0decline\/or repeat<\/b>. The business life cycle of most businesses is very different (much shorter) than businesses launched in the past.<\/p>\n

\"\"<\/p>\n

You can read more about the life cycle of new age businesses at this link https:\/\/www.citigroup.com\/citi\/citizen\/community\/data\/guide10_eng.pdf<\/a>\u00a0published by Citibank.<\/p>\n

\u201cNow what?\u201d you may ask. Whatever path you choose, make it a point to share your\u00a0experiences and encourage other small business owners in their endeavors. Ask anyone\u00a0who has ever started a small business \u2014 from that point on, his or her life was never\u00a0quite the same. They look a little closer when they go to a new restaurant, see a new\u00a0ad, or hear about a new product. They are more alert to ingenuity, customer service,\u00a0value, product quality, and performance. Most likely, you will be too. And, best of all,\u00a0you will be able to share your experiences with others. Encourage, teach, support and\u00a0advise them to learn all they can about small business. Your knowledge can be their\u00a0springboard. Share it openly and often. Our economy depends on entrepreneurs and is counting on you to help expand the growing tradition of small business\u00a0opportunities. Excerpts from Citibank guide.<\/p>\n

Re: Jet Airways, <\/strong>we wish all the best to\u00a0JET Airways team<\/strong><\/a>\u00a0(22,000+ individuals) to find the SILVER Lining very soon amongst these dense clouds of uncertainty.<\/p>\n","protected":false},"excerpt":{"rendered":"

A well-written article in ET today, many inside nuggets of the dealings at JET Airways, many lessons for\u00a0family run\/controlled businesses. Even if there is a competent team but without any significant decision making power, it is a team like the Lion in the cage. This is the company I built from scratch, I have shed…<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_uag_custom_page_level_css":"","footnotes":""},"featured_image_src":null,"yoast_head":"\nNo Founder Is Bigger Than The Biz He Runs! - IndiaBizForSale<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.indiabizforsale.com\/blog\/no-founder-is-bigger-than-the-biz-he-runs\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"No Founder Is Bigger Than The Biz He Runs! - IndiaBizForSale\" \/>\n<meta property=\"og:description\" content=\"A well-written article in ET today, many inside nuggets of the dealings at JET Airways, many lessons for\u00a0family run\/controlled businesses. 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