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Running Family Business

By Randhir Kumar Arora
[ Co-Founder | Book World ]




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Career Talk Information




What is Running Family Business?


A Career in Running Family Business is very intriguing. Unfortunately, it is very difficult to find information about What Running Family Business actually is. Most pages on the internet just talk about How to get into Running Family Business. While anyone can have an opinion on what Running Family Business entails; only a real professional can really explain it.

Randhir Kumar Arora has 36 years & 3 months of professional experience in Running Family Business. Here is how Randhir Kumar Arora detailed Running Family Business:

Running a family business is a kind of business which a person inherits from family. Its is sum of all functions like procurement, inventory, sales and marketing, human resource, accounting, logistics, distribution.





How Randhir Kumar Arora got into Running Family Business?


At the time of my masters I did my thesis on Book Marketing in Hills where my interest in books started. I worked in Advertising for 8 years and ran Archies distribution for 8 years. In 2001 I joined my family business of selling books, Bookworld.





Randhir Kumar Arora's Talk on Running Family Business



Starts with what is:
     1) Running Family Business  

Next, it covers Education. In this Talk Education was discussed as theoretical topics needed to excel at Running Family Business, and not as Qualifications needed to enter Running Family Business. It explains Education needed in Running Family Business with these items:
     2) Accounting  
     3) Sales and Marketing  
     4) Business Laws  
     5) Operations  

Then, the Talk focuses on the most important component that is Skills. 90% success in Running Family Business depends on Skills. It is crucial to understand these. It defines Skills in terms of following items for Running Family Business:
     6) Process Orientation  
     7) Communication Skills  
     8) Organization Skills   
     9) Networking  

It is important to get an understanding of the Positives of Running Family Business. The Talk discusses following Positives of Running Family Business:
     10) Hobby becomes profession  
     11) Recognition  
     12) Subject Matter Expertise  
     13) Platform  

Challenges define Running Family Business as much as the Positives of the same:
     14) Profitability  
     15) Maintaining Inventory  
     16) Uncertainty  
     17) Reading & Publishing Challenges  

In the final section of the Talk, Randhir Kumar Arora talks about How a day goes in a Career in:
     18) Running family business  




Career Counselling 2.0


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Relevant Links







LifePage Career Talk on Running Family Business


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[Career]
https://www.lifepage.in/careers/running-family-business


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[Full Talk]
https://lifepage.app.link/20161221-0001


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[Trailer]
https://www.youtube.com/watch?v=gdQ8WKXv-gc


(Running Family Business, Randhir Kumar Arora, Book World, Family Business, Business, Business Owner, Partner, Co-Founder)





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