2022 - MIDAS India

Year: 2022

Entrepreneur

Family Business or Owning a Startup: Which one is more suitable?

Launching your venture is as brave as it is liberating. The feeling of introducing the world to your radical idea precedes all forms of joy. But you decide to throw it in the market and let people be the best judge. Being an entrepreneur (being your boss) has evolved into a much-wanted desire over the last few years, and everyone dreams of building a startup. However, individuals with an already established family business bec...
Entrepreneur

Entrepreneurship is ageless

It is customary today to encounter 20 or 30-something startup founders making it big and raising a series of funding. It almost feels like entrepreneurship suits young demography, and with all the technology encircling the economy, the perception feels more objective; however, only in our heads. There was a time when the word entrepreneur was rightly associated with a middle-aged man, in a suited attire, with his stride of pri...
Entrepreneur

Entrepreneurship doesn’t have a language

Going by the words of Huffington Post’s Co-founder, Arianna Huffington, “One of the greatest leadership skills is being unflappable. Anytime you do anything in the world, there will be criticism.” We are part of an economy where proficiency in speaking English defines the ability to be successful, intelligent, and confident. The corporate world intertwines the idea of skills with fluently co...
Entrepreneur

Are Content Creators the new Entrepreneurs?

Those were good days, too, when information was only available on our favorite search engine— Google. But things have transitioned for the better. For a few of us, we rush to social media to validate the fact behind a piece of news. It must be the trending issue. It is an endeavor by trendsetters, influencers, or content entrepreneurs, to describe reality. Based on this new reality, there are two ca...
Entrepreneur

Books you must read as an Entrepreneur

Surprisingly, many millennials in India showed a fondness for owning a business or establishing a startup in the last couple of years. As Forbes defines it, with COVID, the rise of entrepreneurship in the Indian economy came from professionals despising the 9-5 repetitive job routine. They ascertained their worth in owning a venture on an idea they wanted to expand. The decent demography of young pr...
Business

Transcend: Is Passion enough to make your business successful?

We all have a heart’s desire and passion for fulfilling a dream. Some of us chase it by working hard day and night and go back to sleep with eyes filled with a glimmer of hope. While others just want to keep their lid shut and continue dreaming because they do not have what it takes to fulfill that passion. Everyone is passionate about something.An aspiring musician is passionate about composing his music, a writer is passiona...
Business

An alternative to MBA in family business management

MBA is the flagship degree program for most young professionals in India who want to take a big plunge towards better salary compensation by converting into a Blue collar position. It has been a consistent practice because every professional hopes to earn a handsome package through placements. However, for millennials who have a family business to manage, there are better alternatives available in the present day....
Business

Family Business Succession Planning: 2022 Guide

Family Businesses are often an emotional entity that has been nurtured over the years by passing down the empire from one generation to another. Things stand different when family members run a business empire instead of people from outside. As the family business leader contemplates the future of business, the time arises to lay down a family business succession planning.Like any other business during the pandemic, the family...
Entrepreneur

Critical thinking for Entrepreneurs: Its importance, and how to develop it?

The Indian economy has recently seen an escalation in the number of aspiring entrepreneurs coming up with a breakthrough idea or product to change the world. At present, emerging small businesses and entrepreneurs are the reason countries globally are capable of keeping their GDP afloat. Employment opportunities are created, and new ideas as products and services emerge, making life convenient for the ordinary person.Now there...
Family Business

8 Reasons Why Family Business Fails in India

The Indian economy has many businesses owned and managed by families. With the passing decade, one generation transfers the power to the next in hopes of keeping the tradition intact and bringing in a newer perspective to make the business more adaptable to changing times. However, improper planning, no definite strategies for success, and a negligible attitude toward the resources and revenue, ultimately break the cycle of ag...
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