Joining the family business is one of the popular
career choices made by young boys and girls from across the country. By family business
we do not mean only those who are groomed to take over major conglomerates and
corporations. Family businesses are ubiquitous in the country from running a
grocery store to joining the wholesale textile business, from running a
plastics factory to manufacturing fittings and furnishings. There are millions
of family-run businesses in the country and children from these families are
often in a fix when it comes to pursuing courses that will help them take
charge when they join these business enterprises.
BBA – Bachelor
in Business Administration – is certainly the best choice for young students who wish
to join their family businesses. The BBA program is a general degree in
management which helps understand the various aspects of managing and administering
a business enterprise. Of late, however, private colleges in
Delhi for BBA have been offering specializations that will help the students pick out
the specific field they wish to work in.
BBA with specialization in Entrepreneurship or BBA
with specialisation in Family Business and Entrepreneurship are two such
courses that are tailor-made for students intending to join their family
enterprises.
How Does BBA
Help?
Unlike working in a corporation, managing a family
business requires knowledge and experience in various fields including
accounting and finance, manpower management, operations, marketing and sales,
and even IT and computer operations. Since running the family business will
ultimately leave you in charge of all the various aspects, learning all these
business management skills becomes vital. A BBA with specialisation in Family
Business or Entrepreneurship will also expose you to various case studies. This
means you will benefit from learning about the various different scenarios that
other businesses have been in. Learning to handle business exigencies is
another very important benefit.
Special Needs
and Training
Just like the varied number of family businesses that
exist in our country, the needs of these business enterprises too are varied. The
introduction of technology has been a game changer in the way most family
businesses operate. There is also the great boost that Government of India has
provided family businesses with its ‘Make in India’ program. The BBA program
will equip you with the right skills to utilise the benefits available to the
fullest. This will help you consolidate and expand your family business as
well.
Collaboration
and Networking
One of the greatest advantages of having the best BBA course in
Delhi and
other major cities of India as your alma mater, is the ability to learn from
some of the finest business minds of the country. Not only will your peers go
on to be some of the top entrepreneurs and business leaders, the opportunities
to collaborate with them in joint ventures are immense. The ability to seek
guidance and brainstorm for ideas to benefit your business is a lifelong one. Learning
to network with people in the same business space is another major advantage.
BBA in Entrepreneurship and Family Business is usually
a 3-year program in most management colleges. Opting for the program after
completion of Class 12 is a great idea if you plan to join the family business.