How MBA assists you to carry on your Family Business

 

The number of people who want to carry on their family business is increasing consistently. The primary reason behind it is they want to become their boss from the beginning. Apart from that, they have their vision and goal that no one can understand and handle except them.

However, without any prior knowledge, it isn't effortless to handle the family business. Apart from the conventional business rituals, learning new business tactics is also essential. In this article, we will discuss how MBA can assist you in carrying on your family business.

Why you should use MBA to carry your family business

There are top 6 reasons to consider while using MBA to carry on your family business, and we have discussed all six here.

[1] Personal Connections are vital.

The size of the business does not matter when it comes to the family business. Personal connections are always going to help you in the future, or whenever required. It creates an absolute difference in the brand's image. When you attend business school, you only leverage the knowledge they provide, and you also connect with some future industry leaders.

The connection you make in the business schools will last till life. Also, you will get to know what kind of unique expertise you require to focus on most to handle your family business. So, the robust curriculum, experienced faculty, and strong alumni network will also help you get confidence in your family business operations.

[2] Stable financial growth

Who does not want stable financial growth? What could be better than learning it from business school? However, it is easy for family businesses to deal with debt financing as you get to share the cost with other family business members. One of the primary reasons family businesses have a more significant development scope is that their debt and investments are generally collective. Everyone related to the business has an equal responsibility to that.

An MBA course will help you understand the complex tactics of finance in a simplified manner.

[3] Least handling costs

When you are starting a new business, there are various kinds of costs that are involved. It becomes complex to micromanage them, and you won't be keeping tabs on the employers. It would not be inaccurate to say that many business owners face difficulties finding workers they can bank upon.

However, when you are running a family business, finding trustworthy people is not difficult. Now, you have family members you can trust blindly, and eventually, your governance costs will be reduced. The MBA degree will help you understand public management so that your family business can run smoothly without any obstacles.

[4] Investor's trust

One of the biggest headaches for some of the firms is to win the trust of stockholders or investors, especially when the competition comes under consideration. So, if you want to become your boss, it would be a better choice to choose the family business over getting hired by a big MNC if you have options.

It is found that family businesses have a trustworthy relationship pool of investors with whom they can enjoy the excellent company. So, it is advised to complete an MBA degree to understand its ethics and integrity and know-how to maintain a good relationship with investors and stockholders.

[5] Leverage Nepotism

When you have a family business, the chances are high that you know about the company from childhood or have some idea about it. Getting an MBA degree from a prestigious business school will work as a cherry on the cake. With the combination of MBA education and family business knowledge, you can take your company to the sky height.

Also, this factor helps in winning investors' and stockholder's trust as they give more preference to the family business in terms of finance.

[6] New entrepreneurial journey

One of the significant benefits of a family business is that you don't need to work under anyone. Because most MBA graduates end up getting a handsome paycheck but doing service-centric jobs their entire life, on the other hand, if you have a family business, it becomes effortless to commence a start-up or show interest in a completely different industry.

However, an MBA education will help you shape your company any way you want it to. Also, the thread will be in your hand so that you can make it in any direction at any height.

Conclusion

Most MBA aspirants join business schools because they want to work in their dream organization or industry. However, specific percentages of students aim to boost their family business and join the business institute to gain the required skills to take their business to the next level.

Do you also want to accelerate the growth of your family business? Join CBS!

If your family business is situated in Kolkata and wants to pursue your MBA from there itself, Calcutta Business School provides 360' education in business management and administration. CBS Kolkata has credentials from the top universities worldwide, such as Harvard Business School, Forth Valley College, British Council, and many more. The CBS Kolkata also offers a center of excellence in Entrepreneurship, Wealth Management, Economic Policy, etc.

 

Looking For Best Outdoor Camping Tools in UAE? Welcome To My Family Fitness

My Family Fitness is the place if you are looking for the best quality outdoor camping tools and equipment in UAE. It hardly matters if you are just a beginner or a pro in camping, it is just a matter to start someday. Find some fresh air, some relief while camping in places within UAE. Let My Family Fitness help you with the accessories you would need for your camping expedition. 

While camping you would need tents, folding camping furniture, sleeping accessories, cookware, hygiene, camping tools etc. You will find all these products at stores that offer camping and hiking products, but make sure you are buying some good quality products at a reasonable price range. One such place/store is My Family Fitness, an online camping shop in UAE. 

Camping tools like load and lock pouches, compass, canvas cooler bags, pocket knife, tents for 2 people, 3 people, 6 people those are both automatic and manual, pop-up you will find at this online store in UAE. Also, camping cookware like a stove, lite cook set, pot holder, coffee pot, cutlery set, folding cup etc is a must while going camping in UAE. Foldable tables, foldable Gazebo - Pro camp, Folding chairs etc fall under camping furniture that My Family Fitness offers at a good price range. Sleeping accessories like sleeping bags travel pillow, hammock, foldable cot etc one will need while on camping. 

So, now that you get an idea of the things must for camping start making your buy list and browse through stores offering camping accessories online in UAE. 

Electric Rickshaws - Healing The Nature

The thing is that electric rickshaws are not fuel-based thus do not emit harmful gases and poison our environment, nature. But petrol/diesel-based vehicles do great harm, unlike electric vehicles. So the time has come to choose the best option for us, for our nature. And we have chosen battery vehicles over the fuel-based ones. Our government supports this thing as well. Various campaigns, schemes etc are the proof. 

When it comes to battery rickshaw, we must have seen these e-vehicles on a regular basis on our daily commute. People have become more aware of the benefits of these e-rickshaws and started investing in them. Jezza Motors is one of the best electric rickshaw dealers in Bihar, West Bengal. This brand has become so popular and a trusted name in the industry. Supplying the best built, low maintenance, low-cost e-rickshaws to the community is their only motto. 

Some specification that people look for in any battery-operated three-wheelers and Jezza Motors is providing are - 

Powerful Reflector Headlight.

SMPS AXIOM 15 AMP Charger.

Powerful Battery for the long run.

BLDC 1000 Watt Motor.

Alloy Wheels.

Also, Jezza manufactures electric cargo, electric garbage van loader etc in Bihar, Jharkhand and many other parts in India.

Admissions in Toddlers and Nursery: Which school to choose?

Parenting is not all fun and games. Being a parent comes with a bag full of responsibilities and as a parent, you need to ensure that your child gets the best of everything. In the early years of his or her life, your actions are what determine what your child will become.

 

Your actions as well as your decisions shape your child’s mind and his life. The foundation is built at this stage and hence, it is vital for you to choose a school that brings out the best personality of your toddler. There is no hard and fast rule here. Several factors need to go into consideration before you select your child’s school.

 

One of the best schools that you can go for is Arun Nursery School. It is a place where your child will grow in all the possible ways. Principal Sumitra Mitter has put her heart and soul into building a school that will make your child an all-rounder.

Points To Consider While Choosing The Right School For Your Child

1.   The School’s Management

 

The school’s management plays a crucial role in the working of the school and as a matter of fact, it actually holds the power to make it or break it. You need to ensure that the school you choose has a strong workforce and that the management has a strong experience and educational background. An experienced management committee will never let the school fail in any way, as it is familiar with the bumps that come along the way.

 

2.   A Balance Between Co-Curricular Activities As Well As The Education

 

In the modern world that we live in, gone are the days when education was given utmost attention and priority. In this era, we have come to a realisation that being book smart isn’t enough. A child needs to be book smart as well as street smart. Your child doesn’t have to be confined to books, like Life Skills, Thinking Skills, Creative Skills, and Conversational Skills are equally important. The overall development is what you have to aim for. You should send your child to a school that gives both education as well as co-curricular activities equal importance. A wide range of activities and skills should be inculcated in the child, and the school should offer a plethora of ways for the child to gain several skills.

 

3.   The Teachers Matter

 

When your child stays in school for the first half of the day, he stays around his teachers. Qualified, patient, and dynamic teachers are needed to create an environment that allows your child to grow in a positive way. Make it a point to ensure that the school opts for workshops for teachers at regular intervals. Your child’s teacher will shape his mind, and hence, a well-trained teacher is vital.

 

4.   Your Child’s Safety

 

Your child needs to be in a safe and secure environment. Children spend a lot of time at school and that is why it becomes important to ensure the safety of your child. Staying in a safe environment will ensure that your child learns as well as grows in the best possible way. Look for a school that pays attention to your child’s safety and security, and takes it seriously.

 

5.   The School’s Location

 

Considering that you are looking for a school for your toddler, you should not send your child far away. Try to find a good school which is closest to your home. This will ensure that it does not take a lot of time to travel to school.

 

These were a few points that should be considered while selecting a school for your child. Talking about the best school for toddlers, Arun nursery school is a place that takes note of all the above-mentioned points. The school’s principal, Sumitra Mitter does her best to ensure that the students learn and inculcate values, participate in several activities, and grow in a healthy environment. You can trust the school to do its job with utmost accuracy, and be sure that you will be leaving your child in safe hands.