Family Business - Role of Youngsters by Dr Piramal

What We have:

1. Family Values will be High
2. Joint Family - When one gets graduated & become a Dr, how must he share his income? As his education expense was met from Joint Family! Answer is: Income must also be contributed back to the Joint Family
3. Till last few years, none have taken steps to go meet the CONSUMERS & find their product feedback & improvements identified
4. Previous Generations were HONEST, Followed Tradition / Values & never cared for the world & what it thinks about them

Problem Presently Facing:

1. One's Prestige comes from the individual & not thru his/her wearable brands
2. Buying Apple Phone is not Pride but, it's adding to some one's wealth, When will you start a brand equal to Apple or better to it?
3. If Local Business is not good, why venture to Global countries ?
4. If Pakisthan has Law & Order problem, let it be, the citizen over there can use Internet buy a product from Germany & sell it to Russia
5. Never thinking BIG! If an International Expo is happening & your product brochure need to be distributed, for which a Senior Manager of your company can fly, but you keep going & keep circulating brochures
6. Present Geneeration is DIRECTIONLESS but very SMART

LEARN TO IMPRESS OTHERS BUT DON'T GET IMPRESSED BY OTHERS

Indian Scenario:

1. India Has Explosion of Opportunity, Next Generation are HUNGRY for GROWTH, Minimum 25 years will be required to full fill the Hunger
2. Indian  Companies are the best in the world
3. Family Businesses will lead the race
4. But Technology is not updated 
5. Flexibility to Diversify / Grab Opportunity strength is more in family business 
6. We have been tought / advertised by keeping Foreigner as ROLE MODEL, Eg: Bill Gates Foundation, simlilarly Birla / Wipro Premji / Tatas have done the same
7. Family Injected with cunning / Selfish Values, I'm Brilliant, i need more pay else i'll start my own business
8. We've been taught to throw old products & keep buying new products
9. Raksha Bandhan is a festival which is done no where in the world but that culture is being replaced with Valentine Day, Birthday we cut CAKES, which is not our culture food & forget to get blessings & go to temple

Realize CONTRIBUTION:

Remember, its not the Soldier in front who fights the enemies & win the battle but, behind working COOK is also contributing to the success

Need of the Hour:

1. Ability to THINK more - Practice
2. Build Character
3. Confidence: Don't Worry, Believe in what you think
4. Courage: To Speak & do what you feel is correct
5. Conviction: Have FAITH in your ideas
6. Compassion: If you have earned money - Spend / Save & do Charity in it