How to Maintain a Business When It Becomes Much Bigger Than Its Creator?

It can be difficult to maintain a business when it becomes much bigger than its creator. The original vision and purpose of the business may get lost in the shuffle, and it can be hard to keep up with the demands of a growing company. However, there are a few things that business owners can do to ensure that their company continues to thrive, even after it has outgrown its original founder.

Japanese System

Japanese business families have a long history and tradition of maintaining unity and continuity through various practices and principles. Some of the factors that contribute to their unity are:

• The concept of “ie”, which means “household” or “family” in Japanese. It is a system of family governance that goes beyond blood ties and allows for the adoption of talented outsiders as successors. It also emphasizes the sustainability and legacy of the family business as a social unit. The “ie” system originated from the samurai culture and was adopted by the Tokugawa government as a legal principle for all Japanese citizens. Although it was abolished after World War II, some aspects of it still influence the Japanese family business culture today.
• The practice of keiretsu, which means “system” or “series” in Japanese. It is a network of interlocking business relationships and shareholdings among various companies, often within the same industry or sector. Keiretsu emerged after World War II as a way of rebuilding the Japanese economy and protecting the domestic market from foreign competition. Keiretsu members cooperate and coordinate with each other on various aspects such as financing, production, distribution, and research. They also share common values and goals, and often have family ties or historical connections2.
• The strong corporate identity and culture permeate every aspect of company life. Japanese business families often have a clear vision and mission that guide their actions and decisions. They also have a high sense of loyalty and commitment to their company and their employees. They value harmony and consensus and avoid conflicts and confrontations. They respect seniority and hierarchy and follow the guidance of their leaders. They also have a long-term orientation and a willingness to invest in the future.

Japanese business family

Other Examples

In addition to the Japanese system, there are a few other things that business owners can do to maintain unity and continuity in their companies:

• Create a strong corporate culture. A strong corporate culture can help to unify employees and give them a sense of shared purpose. This can be done by articulating the company's values and mission, and by encouraging employees to live them out in their daily work.
• Communicate effectively. It is important to communicate openly and honestly with employees, especially during times of change. This will help to build trust and loyalty, and will make it more likely that employees will support the company's goals.
• Invest in training and development. Employees are the lifeblood of any company, so it is important to invest in their training and development. This will help them to improve their skills and knowledge, and will make them more valuable to the company.
• Be willing to adapt. The business world is constantly changing, so it is important to be willing to adapt. This may involve changing the company's products or services, or changing the way that the company does business.

By following these tips, business owners can help to ensure that their companies continue to thrive, even after they have outgrown their original founders.

The bottom line

Maintaining a business when it becomes much bigger than its creator can be a challenge, but it is possible. By following the tips above, business owners can help to ensure that their companies continue to thrive for years to come.

Additional Tips

• Hire the right people.
• Delegate effectively.
• Set clear goals and expectations.
• Track your progress.
• Celebrate your successes.