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"Don't join your family business just because you are your father's child"

Are you ready to build a legacy of your family business ?
To lead is to succeed. Is your family business equipped for succession planning ?
Are you ready to take your family business to the next level?
family business management succession planning
Role identification in family business management course
Inducting newgen ideas in family business course

The PGDM in Entrepreneurship is a family business course as many heirs to the business undergo this program for taking their business ahead. This is done through a structured approach as below:

Idea Generation

Objective: Enable each student with tools and process to help them generate new ideas for Business

Outcome: generating new ideas which could eventually be applied to family businesses

This phase enable students to start thinking about business in an expansive manner; generate ideas through experiential learning activities that contribute in the growth in family Business management.

Entrepreneurial Fitment

Objective: MIDAS family business course aims to ascertain which area of the business is the student most suitable for, given his or her strengths, interest and personality traits.

Outcome: This phase identifies the strengths and personality traits of the students and leverages it for an effective fitment in their Family Business in order to take it ahead.

Idea Validation

Outcome: Validation to the Entrepreneur on the acceptance and feasibility of his new business vertical for expansion or streamlining of business through effective operations

After Entrepreneurial Fitment, the student is required to get an understanding of the existing business functioning. This is done through Business Diagnostic, market research on the finalized area of work and a structured roadmap to follow for achieving defined goals. This phase involves the family members of student, who are involved in the business, to take active part in giving direction to the new recruit i.e. MIDAS Entrepreneur.

Incubation

Objective: MIDAS family business management course aims to enable the student to become actively involved in enhancing the family business or structuring it further. Clear roadmap set is now ready for execution in this phase.

Outcome: Increased business basis revenues or client acquisition; structuring business through effective operational systems and processes and/or further scope of expansion.

The student is equipped with the right resources, vendors and industry experts who can further their business through effective implementation

Pitch to Investors

Objective: MIDAS family business course aims to provide equal opportunity to all Entrepreneurs to educate potential investors, industry experts and coaches about their Family Businesses.

Outcome: Valuable feedback from industry experts that can be inculcated for the growth of the family business.

This phase allows the Student entrepreneur to gain exposure in facing a qualified jury, showcase and present their business, derive feedback and inculcate inputs in taking their business ahead.

This family business management is ideal for young minds looking to enter their family business, but not sure of where to start from and how to contribute to an already established enterprise.