Family and Entrepreneurship
It is estimated that 60% of businesses in the world start as family ventures. Starting a business with a spouse, parents, siblings, children or other family members presents unique challenges over and above the usual problems a startup faces. Family business is a unique synthesis due to; Ownership control, Strategic influence by family members, Concern for family relationship, the dream (or possibility) of continuity across generations. This paper will review factors that influence success or failure of family business.
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