Over the years, many people have asked me how easy or difficult is it to run a family business. My answer remains the same – it’s very difficult to run a family business. You have to think long-term; your decisions can’t be based on short term profit or loss.
To run a family business successfully and in an organised manner, you also need to create a constitution-like document that outlines how to do everything correctly. It’s a document everyone can refer to, literally acting like a handbook. There can be no room for confusion between family members – everything has to be clear and transparent.
More important, you have to go from ‘me’ to ‘we’. That’s the only way you can understand the needs of the business as well as the family….
Watsons to open 20 new stores in the GCC
In 2020, global health & beauty retailer AS Watson Group signed its
April 29, 2024 | By Rupkatha BElevate engagement, experience and profitability to unlock retail growth
Marchon Eyewear’s ZEISS wins 2024 Red Dot “Best of the Best” Awards for VisionClip
Revolutionising retail: How RetailGPT is shaping the future of shopping malls
Times Square Center: Building community through more than retail
/ 
What does it take to sustain profitable growth in the post-IPO phase?
Mahalle began its operations in 2022 as an “Authentic Turkish Grocery in
“Retail is a people’s business. When building a retail brand or the
From being one of the first retailers in Dubai to ban single-use
For starters, Rabbit is a growing e-commerce grocery platform in Egypt always
In 2024 grocery retail major Choithrams has achieved several milestones underscoring its
Industry pioneers are embracing a comprehensive strategy that integrates consumer insights, digital
The regional grocery retail market is evolving fast keeping pace with constantly
From ethical and local sourcing to adopting cutting-edge technologies to curb food
The regional grocery retail market is becoming more and more diverse, offering
/ 
An exclusive piece contributed By Oliver Morgan, Partner, Real Estate Development &
The UAE, particularly Dubai, is a melting pot of cultures. However, introducing
More and more, convenience is king, personalisation is paramount, and RetailGPT is
Majid Al Futtaim (“the Group”), the leading shopping malls, communities, retail, and
Amazon Saudi Arabia today launched a ‘Saudi Made’ storefront on Amazon.sa, featuring
Marta Sioch, Site Leader and Senior Manager, of Amazon Operations is Amazon’s
The payment landscape is fast-evolving and the lines dividing the physical and
Summer is never quite complete without back-to-school shopping, is it? Despite inflation,
As consumers continue to prioritize their health and wellness, retail pharmacy chains
RetailME announced a roster of the 100 most powerful retailers in the
Previous Article
You must be logged in to post a comment.