Running a family business can be very rewarding as you share your stresses and successes with your loved ones. It also has the potential to put a strain on both the family relationship and the business, as our expectations of family members in the work environment are radically different than they would be of others. Explore both the ups and downs of running a family business.
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America's Oldest Family Businesses
Less than 30% of family businesses survive to the second generation, and only 10% make it to the third. What can we learn from these family businesses that have lasted over 100 years -- one as many as 14 generations?
The World's Oldest Family Companies
Once we go out to the world, we find companies that have lasted ten centuries or more, the longest being forty generations! The list also provides convincing evidence that smaller firms usually outlast larger ones.
Couples Build on Strengths
Husband-wife companies have built-in durability. Enjoy inspirational quotes and anecdotes, plus tips for couples considering going into business together.
In Love and In Business Together
Going into business with someone else is always a challenge, but it becomes even more complex, yet potentially even more rewarding, when that someone else is your spouse or significant other.
When Children Grow Up to Run the Business
Four CEO's of family businesses who were children of the founders share their memories of childhood and their later succession into the business.