Family Business
The concept of family business is usually associated with small businesses, although this is not entirely true, family businesses are part of the “club of small, medium or large companies, so they have the same problems and sufferings of the SME and care but more.
The family business has great advantages such as simplicity, speed, trust and agreement between partners, but also have a high level of economic demands that require their members.
In essence, the family business is a system of three circles, where they overlap (wholly or partially) the company, family and business management.
the family business is a system of three circles, where they overlap, business, family and business management
The degree and direction of movement of each of the three circles define the speed of business growth or maturity and level of understanding (or not) of family members involved.
Family businesses are dynamic entities. As they mature, the number of people involved in each of these three circles increases and thereby enhances the degree of complexity in their relationships. Consistent with this, material and immaterial needs of the sum of these people, they become more divergent and difficult to handle, and with it, the stage of life when each is determined to see the reality of differently.
The three leading specialists in corporate futurology, Toffler, Nasbitt and the Club of Rome, had said that “the equity firm may not enter the twenty-first century without the family business to take over the marketing of their products and services … .
For this and many other circumstances, family businesses continue to apply, at least for the coming decades will continue to evolve, grow and be profitable. But the question asked by employers to professional consultants is always the same: How do I get mine is one of those companies that remain successful?