Family IN Business
Family IN Business
1. The Entrepreneurial Journey of Writing Your Own Glory In A Family Enterprise: Kartik Wahi of Claro Energy
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Season 3, Episode 1 of the Family IN Business Podcast

Though Kartik Wahi’s father started a successful OEM business, Wahi wasn’t ready to work for the family business. In this episode, Wahi takes us on his entrepreneurial journey from his days at Kellogg School of Management to discovering the opportunities in solar and the founding and growth of the social enterprise Claro Energy.

Listen to Wahi discover, through trial and error, the wisdom that his father had tried impressed upon him: focus on cash flow, create value for all stakeholders, and try to internalize the wisdom of your elders.

 

Show Notes:

Theme: Striking out on your own vs. leveraging the family business

 

Your host: 

Esther Choy, CEO and Chief Story Facilitator of Leadership Story Lab, author of Let the Story Do the Work (HarperCollins Leadership)

 

Special thanks to:

Kartik Wahi, Founder and Director at Claro Energy, KSM ‘10

Jennifer Pendergast, Executive Director of John L. Ward Center for Family Enterprises, Kellogg School of Management at Northwestern University

 

Contact us: familyenterprises@kellogg.northwestern.edu

WardCenter.net

 

Key Moments

0:23 Hindsight bias

5:00 Understanding entrepreneurship in family enterprises, with Jennifer Pendergast

7:43 How Kellogg changed Wahi’s worldview

8:12 The path to Claro Energy, a renewable energy social enterprise

11:44 Wahi’s requirements for opportunity

13:13 How Wahi unlocked different forms of capital

14:48 Wahi’s accolades

16:11 Wahi’s markers of success become more holistic

17:43 How Claro Energy became a social enterprise

18:47 Wahi’s family entrepreneurial story

21:25 What Wahi learned from his father’s enterprise: value creation & employee retention

23:43 Value means for all stakeholders

24:14 Most important lessons Wahi’s learned

26:22 Why didn’t Wahi join the family enterprise?

28:00 Businesses stuck in the Valley of Death and the succession of the second generation

29:58 Writing his own glory vs. leveraging what you already have

30:46 Increasing relevance in a rapidly changing world, with Jennifer Pendergast

Next Episode:2. Leading Entrepreneurial Ventures Within A Family Business: Ian Rosen of Harry Rosen Inc.

Download “The Entrepreneurial Journey of Writing Your Own Glory In A Family Enterprise: Kartik Wahi of Claro Energy”

Transcript-Kartik-Wahi-Final.pdf – Downloaded 379 times – 144.45 KB

Better Every Story

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People forget facts, but they never forget a good story. In her book, Esther Choy shares business storytelling methods, examples and practical tools and templates. It’s your essential leadership storytelling toolkit.

Let the story do the work

People forget facts, but they never forget a good story. In her book, Esther Choy shares business storytelling methods, examples and practical tools and templates. It’s your essential leadership storytelling toolkit.

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