#Familipreneurship: A comprehensive approach of Entrepreneurship

#FAMILIPRENEURSHIP means the individual and collective power of a family member to combine and utilize personal and family capitals (Financial, Human, Physical, Social, Knowledge, Cultural, Intangible and natural capital) individually and collectively through their bondages, bridges and linkages."

#FAMILIPRENEURSHIP denotes entrepreneurship of a family as an entrepreneurial unit which enables them to transform their individual and collective scattered capitals into performing capitals to maximize wealth. #Familipreneurship refers to the entrepreneurial spirit running through the family as a whole and not just confined to a single individual. The promotion of #Familipreneurship will create a natural environment of transferring inherited knowledge, skill and important lesson and experience across the generations. This courageous collective effort will enable them to be blended together to reach their goals.

#Familipreneurship is an interactive and evolving phenomenon.Internal relationships (bonding), relations with other communities (bridging) and relations with their natural and institutional environment (linkage) are the largest social capital of mankind which remains mostly unused, even undetected. #Familipreneurship unfolds the opportunities to utilize social capitals through the matrix relationships of individuals and family with society, nation and the world. Utilization of social capitals accelerate the process of wealth optimization through maximizing performing capitals by accumulating scattered, unused and undetected resources and pave the ways for shaping the future towards an entrepreneurial planet.

Credits or grants are not a permanent solution to fight against poverty. Even having wealth is not ‘enough’ to guarantee ‘poverty’ free life. Ultimate solution to poverty is being wealthy! The easiest way of being wealthy is belonging to a wealthy family! Poverty free nation means poor family free nation. Human civilization cannot exist without the family. Family is not a place; it is an institution. Whole is greater than the sum of its parts; a group is more powerful than the sum of same individuals. As a group, internal bondage among the family members are highly defined and often determined by moral obligation. Kinship is the largest social capital, which is the foundation of our social life. Using a family as an agent of enterprising could be more sustainable than the individual efforts. Enterprising is a tested and trusted way of employment generation and economic growth that consequently diminish poverty. #Familipreneurship proposes promoting family enterprise as a tool for poverty reduction, employment generation, and economic growth in the context of developing and less developed economy.

It is historically proven that Family is the most primitive and long lasting institutions of human history. As an institution family is contributing maximum benefit to the society, which is commonly remaining unrecognized and uncounted. As an organization ties within a family is highly defined and explicit than any other forms of organization. Family is the fundamental unit of our social construct. Family is the miniature of society; even it is a prototype of a country in terms of its functionalities. Culture of a society mostly depends on families' culture of that society because individual characteristics of a person predominantly influenced and shaped by family environments.

Recent research and data shows that family enterprise outperform than non-family enterprise. Existing researcher are concentrated on the business hour activities of family enterprise and individual aspects of entrepreneurs and ignore family dynamics behind the shadow but Familipreneurship proposes families as a single unit and considered their 24*7 activities to solve the unresolved questions relating. The family behind the family enterprise significantly influences the behavior of the family enterprise and family entrepreneurs. Family as a group is more capable of creating new and develop existing family enterprise including other forms of enterprises. Study on Familipreneurship will enrich our knowledge through discovering unknown dimensionality of family ventures and open a new perspective on a comprehensive approach to entrepreneurship.

Through #Familipreneurship, every single individual of a family achieves the power and capacity to combine, transform and utilize personal and family wealth and scattered resources into capitals. Knowledge and skills of #Familipreneurship are transferable from generation to generation. #Familipreneurship creates a natural environment for generating and transferring indigenous knowledge and skill to reach their personal and collective goal which will accelerate the whole enterprising process, as well as economic development. Promoting #Familipreneurship could be the best solution to create new family venture or any other types of ventures; especially in a less or under or least developed economy where inadequacy of resources is strongly prevalent.

To put the world in order, we must first put the nation in order; to put the nation in order, we must first put the family in order; to put the family in order; we must first cultivate our personal life; we must first set our hearts right. -Confucius

#BigIdeas2015

U may like:

“Family Based Capitalization (FBC)-Fight the Right" https://www.linkedin.com/pulse/20140611200419-120595756-family-based-capitalization-fbc

"Overview of Family Based Capitalization (FBC)" https://www.linkedin.com/pulse/20140612173453-120595756-program-overview-of-family-based-capitalization-fbc

"HOW TO PROMOTE #FAMILIPRENEURSHIP" https://www.linkedin.com/pulse/20140612175658-120595756-how-to-promote-familipreneurship

387/10/02/15

Profits are better than the wages!

Profits are better than the wages!
Do you agree? Why or why not!
Comment(14)
Like(4)
vino dhaas, Raees Ahmed Shaikh, Venkata Sai Bhargav Kakunuri, +1 like this

Tam Tran
Both are necessary. When biz. is break-even allow to pay the wages and expenses. Profits are for saving and use it when bad time or expand biz.

Bert Robinson
For an individual we may consider his net wage to be there profit. In business there is no such thing as a wage, it is purely the bottom line which is profit. To them lower the wages of their employees a higher on their profits.

R Ramdas
Where will the wages come from, if not for profits?

Bert Robinson
R. R Agreed.

ZIRAGABA Cesar ABIMANA
I don't agree.
It depends!

David Dahm
Employees call profits a wage and self employed people call wages a profit. It means the same thing except it is harder to earn a profit than a wage. The difference between the two concepts is called certainty. This is why most people take a wage.

David Dahm
It takes a lot more courage to take a profit than a wage!

Sudianto Wang
From what point of view this question should be answered? If from employee point of view, I will put company profit above wages importance. Why? Because with sustainable profit company can pay wages for employees. From self employed point of view, I put proper wages first. Because good employees wil stay if paid and well treated, the impact should give profit to company.

Nicole Rose
wages mean you are an employee and wages mean you are a business owner. It very much depends which you prefer to be and how highup the ladder of employment you are. Saying that employees can get profits by way of profit share but it is always at the behest of a business owner. I always much prefer profits.

Mijan Rahman
Thanks everybody for your valuable contribution. I am grateful to all of you for enlightening me. I will be back to you individually. In the mean time I’ like to elaborate my question for more clarity. My question is very simple! As I have a life, I need a livelihood. There are two options for livelihood, one is doing job for other and being paid, and another is doing something to earn money. In this context, as a student what should be priority regarding his future profession!? Actually what is/are the defining factor(s) behind the choice of our own profession!??

David Dahm
It is much easier to make a wage than a profit.

Sudianto Wang
Hi Mijan, there is no wrong in making a decision. First, we must know what is our priority. Let say, if we need money and want to be professional worker, then the answer is to be an employee (vise versa). However, please think again and put this question "what is your desirable future? to be professional or entrepreneur? and what is the most beneficial between those options that will impact to your life at most?"


Gandhi Heryanto
Profits are Better Than Wages, It is Jim Rohn phrase, He said that wages will make you a living, profits can make you a fortune. It is a bit difficult to get rich on wages, but anybody can get rich on profits. Profits change your whole attitude, even if you start part-time. Whether it's part-time on your entrepreneurial business, network marketing company or service business. 
It is then up to our goal in life and free to choose whether you will be a employee with wage or an entrepreneur with profit.
1 day ago

David Dahm
You can also lose a fortune!

If you want to know the future of a person, look at the friends!

If you want to know the future of a person, look at the friends and fellows around him. If you want to know your own future, simply build it as you desire!

Comment(8)
Like(2)

Tania M Adams and Tal Mirza like this

Maria Melania Pop
What if he is alone?


Bert Robinson
Frequently we do judge people by their friends, this is especially true with children. Adults typically have secret lives, one type of friend would be there business acquaintance, their friends in their personal life, and may possibly have a secret life, with friends they do not want other people to know about.

Therefore, it is difficult to make judgments on people based on their friends. To make such a judgment we would have to know who all their friends are, and this is not realistic.

The Japanese typically have two types of friends, the people they are seen with in public, and their secret friends they have affairs with and do not want the public to know about. Such behavior maybe well known in their society, however it exists in virtually all societies in a much more secretive basis.


Sean Gallahar
Someone else's future, unless directly connected to me (wife, kids, business partner, etc.) is of no concern to me.


Bob Nordlicht
If you judged one's futures, based on those that they hung around with, in their early teenage years, or even university, they would be druggies, locked up, or on the streets with a cup. Yet, they aren't and many are great successes..... luck, drive, willingness to do whatever it takes, no matter how long it takes, education etc, are ONE'S decisions and some of the keys to whatever one wishes. Those that he/she hung with, make their own lives .One caveat thou, once in the workplace, it really pays to hang with successes, or those that you know are on their way up, as when bosses look at you, i think, it does somehow, go into their minds, to pay more attention to you, if you surround yourself, with those types of individuals.


Anjan Kumar Bhattacharjee
"A man is known by his company".....


CHRIS EGBU CMC,MBA,FCA,MIMC
When we become adults we are going to be average of the our close six friends. An adage says that "birds of the same feather flocks together" . When we try to make a fundamental change from our friends there will be a possible resistance from those who are unlikely to benefit from the change.


Tal Mirza
Mijan and Chris, Your view is absolutely correct! The "qualities" of our friends, indeed, can often indicate the "trajectory" of our own lives! Our associates and friends have huge influence upon how we would ourselves evolve.


Claus Dieter Hermanni
There is a Greek proverb: "Show me your friends and I'll tell you who you are."

My ideas about ...
The people with whom we surround ourselves have a significant impact on us. The reason is that we copy ourselves from these certain behaviors. We imitate our personal environment.

Would a child come alone on the idea to walk on two legs, when all the people around him always crawl on hands and knees? Most likely not. Because we automatically assume behaviors of our environment! It starts with the parents and siblings. Later, we encounter through the enhanced social influence our "friends". What does that mean for our topic? Create an environment of friends that will benefit more than harm. Surround yourself with people from whom you can learn something. Such means that you positively inspiring. Friends can inspire you for the better. Be critical, choose, learn, ask for help at your friends,parents, teachers if you are not sure. As part of your options your social personality and your competence is to develop further. Be clear about your interests, build, create your circle of friends, it is your future ... The challenges to connect into a better quality of friends, life and future is in your personal environment it is yourself, your parents, your teachers, your friends, your company. Just do it.

 See all 8 commentsat Harvard Business Review

It's matter what we learn! Learn to be happy!!

It's matter what we learn! Learn to be happy!!

 Our learning creates our thoughts, thoughts determines attitude, attitude determines action, action determines mission, mission determines the vision, vision determines achievements, achievement determines happiness, and happiness is the ultimate pursuit of life! Of course, we need periodical delearning to enhance our capacity of learning!

Ken Tasch, Mijan Rahman, Miskha collins, +2 like this

• 
  Angela van der Merwe
  The more you grow, the more you learn, the more you find pleasure and the more you become happy. To create and add value to your mandate and reason why you want achievements in others life, bring so much happiness. People cannot always understand why others never give-up when they start something.
• 
  Mijan Rahman
  @Angela Excellent! Thanks for sharing your enlightening insights. Would love to learn more from you! I fact this discussion derived from my article "Be HAPPY to LIVE & GROW!", you may love it here: https://www.linkedin.com/pulse/happy-live-grow-mijan-rahman
• See all comments at Harvard Business Review 

Money is the most intelligent and semiconductor is the most powerful discovery of the human being!

Money is the most intelligent and semiconductor is the most powerful discovery of the human being!

Eventually, money enslaved the civilization and semiconductor imprisoned our life.

Abdul Baasit Sathar, Shahram Parsaee, Fadi Toumeh, +3 like this

Bert Robinson
Why then is 80% of the semiconductor business in Chin.


Abdul Baasit Sathar
We created them both


Anjan Kumar Bhattacharjee
We are proud to create these smart things for our permanent enjoyment.


Rajarshi Sarma
There are always 2 sides of the coin, depends on how you want to perceive things. To me, these inventions revolutionized human existence, made our life simpler and paced up our civilization. Its difficult to see how they enslaved or imprisoned us.


Charles Helliwell
Discovery is the finding of something previously unseen, unheard or un-thought of. Invention is the creation of something new, unseen, unheard of and un-thought of. So if we invented money to enslave us and the semiconductor to imprison us, it only remains to discover what will eventually free us.


Ken Tasch
Despots enslaved civilizations. Semiconductors helped advance civilizations.


Dr Gary Sheard
Coins are conductive. Notes have insulating properties. 
"Change" is always good.


Mijan Rahman
Thanks for your enlightening contribution! There is a clarification. I think we invented money to solve a problem and semiconductor as a productivity tool then we discovered them politically that enslaved the civilization and imprisoned the life respectively. I strongly believe, our money and semiconductor could solve all the sufferings of humanity and we could see a happy planet earth. Money and semiconductor jointly play the role of God who uses more power against humanity than welfare! Now we need to rediscover them as new God to free us! Social capital is on the way to rediscover money.


THOMAS AW
Money is always being .............. manipulated by Humans, of all variation .


Norhayati Mohd Nordin Yusuf
Money works for people and not people work for money.

This will make people be the controller instead of money.


Cam T
I think if one has money they are intelligent for making it and I don't believe the semiconductor is the most powerful discovery by a human being. Granted many of us use computers but I like to think that we have discovered so many drugs and medical devices that have saved lives and had a tremendous impact on living more active life styles.Look how great so many wounded vets are able to do thing now that they could not do before because of these revolutionary ideas.Saving and curing thousand of children from disease in Africa and other countries. Being humane is so important.People are the most intelligent and the most powerful discovery is our brains and how we use them to change ,influence &r help mankind not just with medical devices or drugs but with compassion and example.

 See all 11 comments at Harvard Business Review

It's time for the servant leadership!!

The days of heroic/commanding leadership has gone! It's time for the servant leadership!!


Thorsteinn Siglaugsson, Prof. Abel Laureano, Anette Rahbek, +10 like this

Anjan Kumar Bhattacharjee
Hopefully Yes !


Ken Tasch
Agree--but there will always be situations where command and control leadership remains important.


Chris Davis
Command and control absolutely has its place. The time is nigh for FLEXIBLE leadership that moulds its self to the situation at hand


Lubomir Iliew
I believe it is a matter of balance between leadership styles – and very often one needs to have several leadership styles in her/his toolbox. In different situations you need a different tool, as everywhere.


Bob Nordlicht
if you mean heroic stands for risk, or taking chances, think of the internet and all that has developed there. think of telecommunications, think of the electric car. heroic leadership, is far from gone.


Charles Helliwell
No leader that I know of thinks they're a servant; most of them are convinced that they are the master, or in some cases, the mistress.


Paul Brunberg
In our volatile, uncertain, complex, ambiguous, and fast-paced environments, we need leaders who are flexible and adaptable to the situation and audience they are working with. There will be times where command and control skills are necessary - think about new hires who are being on-boarded. They will need a great deal of direction and supervision while they learn and adapt to their new organization. Transformational leadership can be seen with a group of experienced and knowledgeable people who know the ropes and are working to achieve an end-state goal. Both can have essences of servant leadership within the paradigms. A command and control approach serves both the aim and the new hires in achieving the on-boarding goals and success of the new hires by being an example and demonstrating/guiding their learning. The same leader will serve the senior team by achieving deadlines, setting direction, and ensuring support where the senior team identifies their needs. Servant leadership is how one perceives the effects of the leader's activities and approaches.


T.T.Shagufta Hussein
Good day! there will be always command, demand and control in successful/ great leadership. In business world there is no heroic leadership. The term "heroic" does not suit for business. It is always successful/ great leadership. Well, I might be wrong. If I am wrong ,excuse my comment. Wish you all , a very good day. 
Thanks n regards


Dr Gary Sheard
Leaders are heroes or heroines that serve the people they lead. But please don't take the romance out of the role... Admiral Nelson just sailed around in boats - doesn't inspire one to greatness.


T.T.Shagufta Hussein
I understand , Dr. Sheard . I won't dare to take out the romance from "leadership" I just thought (As an ex student of English n American Literature) the term "heroic" only suits in the world of romanticism and imaginary. I was grossly mistaken! But I asked for the excuse in advance. Thank you so much for the correction. Good to know that leaders have romantic heart as well , not only poets , artists authors.Wish you a perfect day and even a better lovely tomorrow and week-end. 
Sincere n profound regards


Jay Wren
Servant leadership is an oxymoron. Robert Greenleaf popularized the term to describe leadership that supports the workers and enriches their lives. (https://greenleaf.org/what-is-servant-leadership/) Many organizations use some of the practices that Greenleaf describes as servant leadership. They do so out of common sense. Soldiers don't fight on empty stomachs or with guns without bullets. However, there is really no such thing as a servant leader.


Kalyan C Kota
I guess it's (servant leadership) just a fad, leadership is always heroic.


Prayukth K V
Hi Mijan, I think heroic and servant variants represent two extremes of leadership. True leadership lies somewhere in the middle


Salem Abusaif
Leadership styles are varies from one leader to another ,gune leader is that one who understood his mission carefully and made balance between achieving goals and care of his team and looking beyond the mission in his hand .


Dr.Shalini Ratan
Servant leader is the most Commanding and Heroic...Yes, he is not a Dictator or an Authoritarian.

To lead as a Servant is not possible for all. Only a Hero can be like it. It requires extreme Love for his people.


Zilong Wang (Joshua)
Servant leadership is what I embraced for years. I am happy to lead as a servant!

 See all 16 comments at Harvard Business Review