Is Your Family Business Ready for the Next Generation? 5 Hard Questions Every Owner Must Answer
80% of Indian family businesses don't survive to the second generation. The reason isn't an unprepared next generation — it's an unprepared business.
Simpleworks · Insights & Perspectives
Prem Menon · Business Consultant in Bengaluru · MSME Consultant · OKR Consultant · Family Business Advisory
Practical perspectives on strategy, growth, and execution — written by Prem Menon, an independent management consultant in India, for Indian MSME and family business founders.
80% of Indian family businesses don't survive to the second generation. The reason isn't an unprepared next generation — it's an unprepared business.
Most founders judge a first engagement by how fast a big plan lands in their inbox. The right test is whether the process — diagnosis, real interviews, an interim checkpoint — holds up before you've spent a Rupee on the outcome.
The blog argues that mentors give answers while coaches ask questions — and most MSME founders hire the wrong one because they misdiagnose whether they're stuck on missing information or on execution/behavior. It gives founders a simple test to pick the right advisor by stage.
Simpleworks · Business Consultant Bengaluru · Substack
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