Dr.Parimal Merchant on Family Business Success, Challenges & Succession | The Journey with Simarpreet Singh | Podcast Season 1 Episode 42
Description
Welcome to Episode #42 of: The Journey Podcast with Simarpreet Singh (TJWS). Today’s episode features DR.PARIMAL MERCHANT, a leading authority on family-managed businesses and Director of the Global Family Managed Business Program at SP Jain School of Global Management. With over 30 years of experience, Dr.Merchant has guided thousands of next-gen entrepreneurs in transforming traditional family-run businesses into professionally managed, future-ready enterprises. In this episode, he shares deep insights on: ✅ Succession planning in family businesses ✅ Bridging generational gaps ✅ Adapting to change and innovation ✅ Creating long-term value across generations Whether you're part of a family business or passionate about entrepreneurship, this conversation is full of practical wisdom you won't want to miss! Stay tuned and watch the full episode. CHAPTERS 0:00 Precap & Intro 4:33 The 3rd Generation Curse: Myth or Reality 12:55 What’s Behind the Obsession with Startups & Unicorns? 19:00 Top 3 reasons to not join family business 26:15 Startups VS Family Business Debate 31:23 Template for New Entrants in Family Business- Strengths & challenges 35:35 The DO’s and DON’T’s in a Family Business 41:27 New Perspectives & Challenges in Family Business 48:08 How to Groom New Entrants in Family Business: Template 55:10 Handling Conflicts: Advice for the Second Generation 1:04:58 Owners VS Professionals in Family Business 1:09:35 Should professionals join family business or MNC? 1:13:30 Succession Planning in Family Business 1:27:26 Empowering & Grooming Women for Business 1:38:42 Family Business: Passion or Pressure? 1:43:40 Case Study: Best Family Business in India 1:46:50 Expert Advice & Outro ___________ 👉 Don’t forget to like, share & subscribe for more inspiring business stories. @simarpreethsingh Reach me at Instagram : https://www.instagram.com/simarpreeths/ Twitter handle : https://twitter.com/simarpreeths LinkedIn : https://www.linkedin.com/in/simarpreethsingh/ Facebook : https://www.facebook.com/simarpreet.singh07 Keep following my channel for more such updates. __________ ABOUT THE PODCAST "The Journey with Simarpreet Singh" is a talk show where we discuss life, family, emotions, childhood, success, failure, and more. The intent is to bring forth impactful stories that have contributed towards building the nation. __________ #TheJourneyPodcast #SimarpreetSingh #ParimalMerchant #FamilyBusiness #BusinessSuccess #Entrepreneurship #BusinessPodcast #SuccessionPlanning #SPJain #BusinessGrowth
United States
