When Family Bonds Blur Professional Boundaries in a Family Businesses
Family businesses are fundamentally built on mutual trust, hard work, and shared dreams. In the early stages, the extensive involvement of family members is not unusual—it is often essential to the business’s survival. Founders usually rely on spouses, siblings, or children to survive amid limited capital and high risks. However, over time, this very strength […]
Inspirational Story of Local Entrepreneurs: From a Whim to a Legend – The Success Strategy of Bika Ambon Zulaikha
When Hajjah Mariani, a retired pharmaceutical company employee, tried making bika ambon cakes in 2003, she never imagined that this “whim” would change her family’s life. From selling only eight boxes a day, Bika Ambon Zulaikha has now become an iconic souvenir of Medan and one of the largest bika ambon shops in North Sumatra. […]
Holding Company: Creating Synergy in Family Business
A holding company has become a popular choice for many family-owned businesses. Building on the concept of the Group Center, numerous family businesses establish formal structures through holding companies. Tata Sons Limited serves as the holding company for the Tata family, investing in various sectors. In Hong Kong, Li Ka Shing established Cheung Kong Holdings. […]