- Hardcover: 192 pages
- Publisher: ForbesBooks (May 10, 2018)
- Language: English
- ISBN-10: 1946633364
- ISBN-13: 978-1946633361
- Product Dimensions: 6 x 0.4 x 9 inches
- Shipping Weight: 6.4 ounces (View shipping rates and policies)
- Average Customer Review: 37 customer reviews
- Amazon Best Sellers Rank: #384,998 in Books (See Top 100 in Books)
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Interrupted Entrepreneurship™: Embracing Change In The Family Business Hardcover – January 31, 2018
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About the Author
For Raméz A. Baassiri, family man, entrepreneur, and writer, his family’s journey to create an agile, adaptable business is just as important as the day-to-day operations undertaken by the dynamic, multinational team members that constitute the company. Developing long-standing relationships with a wide variety of regional and international suppliers spanning various industries and continents was a journey that began with the bold steps of Raméz’s migrating ancestors from Lebanon to the far-off shores of South America, Africa, and the Gulf. The family business owes its current standing to the bold steps, leadership, and determination of Mr. Abdul Hamid Baassiri (Raméz’s late father), a global citizen. The entrepreneurial spirit started with A.H. Baassiri’s desire to seek new frontiers and his ability to read the landscape of opportunity, be it in the agricultural, industrial, or technological revolutions, all without compromising strong family values.
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Raméz first defines what he means by ‘interrupted entrepreneurship’ - An interruption is anything that causes a break in continuity. It can be a good interruption, such as the birth of a new child, or a bad one, as in the loss of a loved one. The same goes when interruptions occur in business. They can be challenging, such as those interruptions that occur when starting a new business in a foreign land, and they can be beneficial, such as embracing new technology to stay ahead of the competition. In any light, Interrupted Entrepreneurship is just that: moments or actions that cause a change in your business. It’s how those IEs are handled that is the key to businesses surviving throughout the generations…. Interrupted Entrepreneurship is not about advice— it’s about support. Whether you’re a member of a family business, a business owner, a team member, or a family member, I hope that you will find strength in discovering how other family businesses have met— or plan to meet— interruptions in their different forms in business and in life, and how they either overcame or prepared for them.’
Using the fine technique of teaching by sharing true stories Raméz of family businesses – the losses they survived and how they coped with and made their family business stronger. ‘family businesses are a vital, distinct form of business in the vast majority of countries around the world and make up most of the business types in first world countries and others, with family firms representing 80 percent of all firms in the United States, 85 percent of all firms in the European Union, 90 percent of companies in the Middle East, and 99 percent in Japan, to name a handful.’
The book reads as both a business education and a philosophy treatise. The sections
are Exponential growth opportunities in new horizons Celebrating your assets, Strength in structure vs. strength in fluid form, Funding family spirit, The power of giving and the strength of community, Strength in continuous education, Gender empowerment, and Forward thinking.
The true power of the impact of this book is the manner in which Raméz shares is personal experience and philosophy. One cannot complete this book without a sense of respect and awe at a very perceptive gentleman and human being. Highly Recommended. Grady Harp, June 18
A lot of family businesses have already died down (big and small, renowned or not). Although there are lots of reasons why this happens, the book provides some techniques to keep the business afloat and even some ways on how to expand it. What I like about this book is that, the author himself is an entrepreneur and runs his own family business, and so the readers are guaranteed that everything in this book is based on first-hand experiences and are therefore tried and tested. These things are not being taught in business schools, so I guess it's safe to say that this is a generous offer from the author.
People who are already involved in a family business would surely find this book helpful, especially the young ones who are expected to take over the business, especially those who already have some ideas on expanding their business.