Manoly Wood Company
Manoly wood company was founded in 1970 by the first generation and is a family business.
Rashad says, "I've always been thinking about how to develop a family business and how to separate family and management in the same company, it's a big challenge."
During my time I heard from the Chamber of Commerce about the governance training program, I attended the program because I wanted to apply it to our companies, for the benefit of the second and third generations, my generation, my son's, and my daughters' generations.
After training, I was able to come up with a structured plan for our company's development and sustainability. Now I have already appointed an external financial adviser to build a system for family members involved in the company and employees at the same level as the first step to manage the construction of the company's structure.
We didn't have a recruitment strategy for employees, especially for family members, and we used to solve these problems at home now that after the governance program, we have a clear structure that also applies to family members and we started to hold a formal management meeting regularly which made our way of life organized and more professional.
In the past, we were unregulated internally and now we are much better.
I would like to continue to get consultations through Monshati, to run our business and take it to a different level.