To take over any business, you must have adequate business knowledge and skills. This is where a program like BBA in Family Business comes in handy!

This course aims to instil business management skills in students. In addition, the academic program trains students and makes them capable of taking over the family business or even forming a new business.

There are plenty of job options offered to one who has pursued a Family Business program. This helps in becoming managing or entrepreneurs of their existing family business.

Careers in Family Business

Candidates who have pursued the Family Business Course can step into the startup world, start their own business or become owners of their family business and expand them. Family-owned companies contribute much to the country’s Gross Domestic Product TATA, Reliance, etc.

Apart from this, people can also seek job opportunities in various MNCs and other companies at the managerial level, such as Finance Managers, Business Administration Researchers, Business Consultants, Marketing Managers, etc. 

What are the job profiles in BAA in Family Business

Some of the careers options and their description are listed below:

Entrepreneur -An entrepreneur is an individual who establishes his own business and creates his own business by combining various factors of production. It bears all the profits, risks, and losses individually and takes all the business-related decisions.

Business Administrator – A Business Administrator handles all the business’s day-to-day operations, ensures that the organisation’s goals are met most efficiently and effectively, and ensures productivity increases.

Financial Analyst

Financial analysts serve a crucial role in examining marketplace trends and the company’s economic trends to suggest means of maximising the company’s investments. Using critical analysis skills, financial analysts advise companies on best managing assets for maximum profits.  

Human Resource Manager – An HR Manager ensures that the right person is hired at the right place for the right job. It makes sure that there is minimal employee turnover and a friendly environment in the organisation to work. It also takes care of the compensation of the employees and ensures fair pay for them.

Accounts Manager – They take care of all the account books, maintain a relationship with the customers, and act as a link between the client and the employer.

Business Consultant– A business consultant is engaged in problem-solving and strategic planning. Also, they deal with all the business challenges and come up with a solution. Business consultants oversee all the areas of weakness and try to improve them and create an opportunity for the business.

Skills Required

Given below are the critical skill you should improve and possess during the course to be able to run a BBA in the family business:

Communication skills – To successfully run a family business, you have to communicate with family members and outside employees effectively.

Interpersonal skills – There is a great need for good interpersonal skills in a family business to balance family relationships and professional interaction requirements.

Problem-solving skills – Good problem-solving skills are required to deal with issues that may crop up during business transactions as in any business establishment and in matters related to employees or business partners without affecting positive family dynamics.

Analytical skills – Analytical skills are essential in assessing market requirements and planning strategies to improve business processes.

Organisational skills – Good organisational skills are required to plan day-to-day schedules and efficiently utilise different skills possessed by family members who co-own the business and use external help to shore up missing abilities.

BBA (Hons.) in Family Business course is primarily designed to train and prepare the students for their businesses.

Additionally, the variety of business and interdisciplinary coursework trains the students to venture into a wide range of career opportunities.

In this era of Digital India, business firms require managers who are knowledgeable about management skills and technology! BBA in Family Business course does an excellent job at this task and churns out managers capable of taking over the family business.