The truth about family businesses

Extract . . .

“The heavily publicised picture of family businesses being strong on ethics, quality, filial love and long-term principles is, sadly, very rare. Believe me, I would know.
 
There are several downsides to family businesses – and I seem to have fallen into most of the traps over the years. This includes allowing my then-aging mother to assist (actually, totally hamper) a startup business, being married to my business partner (ending in divorce) and doing business with my sister (best for me not to comment on that at all!).  

Finally, both of my children have worked for me at different times. Both brought enormous knowledge to the business, having been surrounded by it from the age of nought. Both genuinely cared for the business – but they also felt they had a right to it.”

Link
http://realbusiness.co.uk/jan_cavelle/the_truth_about_family_businesses