Jay Kotak, a next-generation leader in a large business family, is challenging the common perception that younger family members are not interested in carrying on the family business. In fact, he believes that many next-gen leaders remain deeply involved in operations, driven by an entrepreneurial instinct to build and scale their family’s companies. This mindset is particularly strong in family-owned enterprises, where the desire to do business is “in our Indian blood.”
Jay is rewriting the narrative around legacy, neither disowning his inheritance nor relying solely on it. Instead, he defines himself as a professional, committed to his role and the organization. He enjoys what he does and sees no reason to leave, as long as he is performing well and the company is thriving. However, he is clear-eyed about the conditions that sustain commitment, recognizing that his own performance, the performance of his business, and various other factors will determine his long-term involvement.
Jay’s experience has taught him the importance of staying the course and putting in the time and effort required to build a successful business. He believes that there is no shortcut to success and that valuations can often run ahead of reality. Building a profitable franchise that delights customers and maintains financial health takes time, effort, and perseverance.
Jay’s perspective suggests that not every inheritor is lazy or uninterested in the family business. Rather, many may simply not have been challenged enough to keep the family business thriving. By staying committed and focused, next-gen leaders like Jay can help their family businesses continue to grow and succeed. In fact, Jay’s approach to his role is a testament to the fact that many next-gen leaders are eager to make their mark and take their family businesses to the next level.
Ultimately, Jay’s story highlights the importance of hard work, dedication, and a willingness to learn and adapt in order to succeed in business. By staying true to his values and committed to his role, Jay is helping to redefine the narrative around legacy and next-gen leadership, and proving that with the right mindset and approach, anything is possible.