Date: 24 March 2024

Venue: Lions Hall, Rajapalayam



In a business world where starting from scratch is often glorified, continuing and growing a family legacy comes with its own set of unique challenges and responsibilities. That’s exactly what made our recent session with Mr. Bhimanand, a third-generation entrepreneur, so insightful for RYEC members.



About the Session

Mr. Bhimanand (MD of Anandas), shared his journey of stepping into an already-established business, the expectations that come with a legacy, and the fine balance between preserving tradition and embracing innovation. His candid storytelling resonated with many members who face similar dynamics in family-run enterprises.



Key Highlights

• Legacy is a Responsibility, Not Just a Privilege:

  He spoke about how being a third-generation entrepreneur isn’t just about enjoying the fruits of past success but about carrying forward a vision with fresh energy and relevance.
• Bridging Generations:

  One of the main challenges he highlighted was aligning the values of the older generation with the aspirations of the younger one. Adapting to modern business practices while respecting foundational principles was a recurring theme.
• Innovation in Tradition:

  Mr. Bhimanand shared how introducing modern systems, technology, and branding into a traditional business model helped scale operations without losing the core identity of the family enterprise.
• Handling Family Expectations:

  From decision-making pressures to managing interpersonal dynamics, he offered practical advice on how to navigate family expectations while still carving out your own leadership style.



Member Takeaways

• Legacy businesses require a delicate blend of respect for the past and vision for the future.
• Communication and transparency within family-run businesses are key to smooth transitions and growth.
• Young entrepreneurs must be courageous enough to introduce change while being mindful of the emotional and cultural ties in family businesses.



Why This Session Mattered

For many RYEC members, this session was a mirror to their own journeys. It wasn’t just about business strategies—it was about personal identity, responsibility, and growth within the framework of a family legacy. Mr. Bhimanand’s honest sharing brought clarity, inspiration, and practical guidance for every generation of entrepreneurs.



At RYEC, we believe learning from real stories creates real impact. Stay connected for more sessions that bring life lessons to business.

Want to share your entrepreneurial story or learn from others? Join RYEC and be part of Rajapalayam’s growing community of changemakers.