Breakfast Leadership Show Thoughtful Thursdays: Harmonizing Family and Business: Insights from Avadhi Dhruv, Bestselling Author of The Family Business Guru
Avadhi is an International Bestselling Author, YouTuber, and Business Guru. She helps leaders of family legacy businesses run their companies in a way that fosters healthy family relationships.
Avadhi is also the Chief Transformation Officer at Prabhat Industries, a three-generational family business involved in rubber product manufacturing and distribution. Founded in 1966, the global brand is a leading supplier of sealing solutions for multiple industries across North America, with revenues in the multi-seven figures.
Avadhi's bestselling book, The Family Business Guru: A Secret Guide to Alchemize Conflict into Harmony, Lead with Confidence, and Generate Profits, offers practical strategies to navigate the intricate dance of running a family business while maintaining strong relationships with your loved ones. their first bestseller, Inner Genius Outer Guru: A Heart-Centered Entrepreneur’s Guide to Unlimited Potential for Growth in Income and Freedom in Lifestyle without Burnout, was a massive success amongst entrepreneurs ready to create real income-generating businesses they love.
Family-Owned Businesses: Advantages and Challenges Michael and Avadhi discussed the complexities and advantages of family-owned businesses. Michael shared their experience working at a family-owned grocery store chain, highlighting how family involvement can bring both success and challenges. Avadhi, who grew up in a family business empire, added that generational differences, personalities, and relationships can significantly impact the business. They both noted that leaving a family-owned business can be more complicated than leaving a regular business due to personal connections and feelings of loyalty. Avadhi emphasized the benefits of such companies, pointing out that family members' shared values and culture can positively impact the business, its employees, and its customers. Overcoming Fears and Nurturing Relationships in Family-Owned Businesses Avadhi shared their insights on family-owned businesses' challenges and fears, particularly concerning money and relationships. She detailed their journey of overcoming limiting beliefs and emphasized the importance of becoming aware of and addressing unconscious fears to foster healthy relationships and contribute fully to the business. Michael then contributed a personal story about their family restaurant, highlighting the unique dynamics and connections that can exist within family-owned businesses. He stressed the importance of maintaining human connections, even in challenging situations, and avoiding actions that could damage relationships at the workplace. Harmony in Relationships for Business Success Michael and Avadhi discussed the importance of creating harmony in relationships for a business's success. Avadhi emphasized that a harmonious environment boosts confidence and encourages a long-term approach to success rather than a quick profit. Michael agreed, highlighting that constant work and refinement are crucial for a business to meet the growing demands of customers and employees. Both stressed the significance of self-improvement and hard work in achieving harmony, which overflows into the business world, leading to revenue growth and profit. Avadhi's Work and Upcoming Launch Avadhi and Michael discussed Avadhi's work and how people could learn more about it. Avadhi encouraged viewers to visit their website, https://www.avadhi.guru/, and subscribe to their YouTube channel for their videos and healing meditations.