Rho can help you build a strong position as a successful family business and sustain that success across generations. 85% of businesses in India are owned by families, among which only 30% is successfully handed over to the second generation. The progression to the third and fourth generation recedes to 15% then 4% respectively. It takes years of accurate planning and preparation to ensure that businesses succeed after succession and Rho’s team has a legacy of crafting successful successions.
Vision / Mission
Aligning core family values with business values
Strong & long term vision
Cohesive identity as a business family
Matching goals of family members & the business
Succession Planning & Family Constitution
Building attractive prospects for future generation
Induction of next generation
Running the business together
Handing over
Staying connected after handing over
Retirement management
Business & Family Governance
Transforming into a business family mindset
Professional family directors
Mentorship
Family council & constitution
Conflict management
Maintaining the mindset across generations
Transparency & meaningful information
Accountability & responsibility
Professionalism in Family Business
Employing professional qualification & experience
Decision for interest of stakeholders
Fitting into family business
Setting systems & procedures
Internal control & checks
Professionalising the board
Future Readiness
Innovation
Going Digital
Finance & Cost Control
Market Intelligence
Manage Change
Good governance