Write Before the Fight (Part 5)
Mohsin Adhi
Facilitates Next Gen Family Business Owners | Owns Family Business | Entrepreneur | Member, Harvard Business Review Advisory Council | Speaker
As the meeting progress, Amna took the initiative and advised her younger brother to share his professional aim.
Professional Goal
Arham who is enrolled in a software engineering program, appreciated his father decision to encourage him to pursue his career in his area of interest. Even though it seems that software engineering is not aligned with the printing business, but that’s not the case.
Arham consistently sits with his elder brother to discuss the business activities. He realized the importance of ERP solutions, where the whole workflow could be monitored and managed accordingly. Therefore, he was working on the development of a software to automate the functioning of Ahsan Wala printing business. As a result of his interest, Arham visits the office as well as processing area very frequently.
Arham agreed on the idea “performance appraisal based bonus” presented by Ahmed. It will be helpful for the organization to breakdown the milestones and monitor it accordingly.
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Personal Goal
Arham shared his goal, which was to develop a product for the industrial segment to facilitate its smooth functioning. He said, “Our company can invest in a startup, which will initiate with the facilitation of the parent investing firm”. The same product can further be customized for other market entities.
The key lead person for any such start up should be given certain percentage of equity for the working partner share. Whereas, the rest of the shareholding should be for the parent investing company, which will be based on the same equity proportion as per the parent company shareholding.
Amna concluded her remarks with an additional comment, she said that parent company should be given first priority to invest, but in case the board doesn’t accept the proposal and there will be any shortfall in the desired equity required for the startup, then other shareholders should be given liberty to invest independently.
Ahmed the eldest brother was highly impressed with the ideas of his younger siblings and appreciated them for their interest in exploring the ideas for the growth of family business.