Many wonderful small businesses around the world, from restaurants to product manufacturers, are run by families. In my opinion, these companies have a lot of longevity built into them, because exit strategies rarely cross the minds of founders, and family ties keep the employee retention rate high. But, there is the caveat: family businesses are great… if you are a member of the family.
If you are an outsider, there are several dangers:
Blood is thicker than water. If push comes to shove, you will be shoved. Even if you are the most productive employee, you are not family, and fairness and professional treatment may not be extended to you.
Family politics = major distractio… [more]