Thoughtful Thursdays: Harmonizing Family and Business: Insights from Avadhi Dhruv, the Family Business Guru and Bestselling Author
- Thoughtful Thursdays: Harmonizing Family and Business: Insights from Avadhi Dhruv, the Family Business Guru and Bestselling Author Michael D. Levitt 24:00
Avadhi is an International Bestselling Author, Youtuber, and a 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, their three-generational family business involved in rubber products 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 upcoming 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 huge 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 greatly 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 businesses, pointing out that the shared values and culture of family members can positively impact the business, its employees, and customers.
Overcoming Fears and Nurturing Relationships in Family-Owned Businesses
Avadhi shared their insights on the challenges and fears family-owned businesses often face, particularly concerning Money and relationships. She detailed their own 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 with 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 the success of a business. Avadhi emphasized that a harmonious environment boosts confidence and encourages a long-term approach to success, rattheir 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 then 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.
