How do I start a Career in Running Family Business?

I think Running Family Business is a great Career option. Internet is brimming with pages on How to get into Running Family Business, while I want to first understand What is a Career in Running Family Business. It had been a while since I was researching about a Career in Running Family Business, when I came across: https://www.lifepage.in/career/20161221-0001/Commerce/Business/Career-in-Running-Family-Business/english

Randhir Kumar Arora's overview!

With 36 years & 3 months of professional experience, Randhir Kumar Arora understands Running Family Business. Randhir Kumar Arora has worked in Running Family Business as Co-Founder in Book World. In Randhir Kumar Arora's own words, this is how Randhir Kumar Arora got into Running Family Business: "At the time of my masters I did my thesis on Book Marketing in Hills where my interest in books started. I worked in Advertising for 8 years and ran Archies distribution for 8 years. In 2001 I joined my family business of selling books, Bookworld." Randhir Kumar Arora has a profile in a very interesting format on: https://www.lifepage.in/page/randhirkumararora

Career Video on Running Family Business

In a video, Randhir Kumar Arora has talked about various aspects of a Career in Running Family Business. Randhir Kumar Arora started by explaining Running Family Business as: "Running a family business is a kind of business which a person inherits from family. Its is sum of all functions like procurement, inventory, sales and marketing, human resource, accounting, logistics, distribution." I watched the full video and I absolutely loved it.

In this video Education was discussed as theoretical topics needed to excel at Running Family Business, and not as Qualifications needed to enter Running Family Business. Randhir Kumar Arora touches upon these in the Education section of the Video:

Accounting
Sales and Marketing
Business Laws
Operations

This Career demands specific Skills which only an experienced professional can lay out.
Randhir Kumar Arora then explains why these Skills are essential for a Career in Running Family Business:

Process Orientation
Organization Skills
Networking
Communication Skills

There are great positives of this Career.
Randhir Kumar Arora believes that the following are some of the Positives of a Career in Running Family Business:

Hobby becomes profession
Recognition
Subject Matter Expertise
Platform

Challenges are the other side of Positives and this Career is no exception.
And, Randhir Kumar Arora believes that one needs to prepare for following Challenges of a Career in Running Family Business:

Profitability
Maintaining Inventory
Uncertainty
Reading & Publishing Challenges

In the final section of the video Randhir Kumar Arora talks about How a day goes in a Career in Running Family Business. This video is by far the best video on a Career in Running Family Business, that I have ever come across. To see the full Talk, one needs to install the LifePage Career Talks App. Here is a direct deep link of the Video: https://lifepage.app.link/20161221-0001

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