by Dr Greg Chapman
Around 70% of businesses in Australia are family businesses, from the humble cafe or B&B to some of the biggest businesses in the country. While it sounds great to work with your family members, only 17% of family businesses make it past the third generation with over 79,000 ceasing trading in every year destabilising Australia’s social and economic fabric. Management/strategy, succession and conflict management are just a few of the issues that face every family business.
In this expert interview, learn about best practice in managing the issues that arise in family businesses.
Dr Greg Chapman speaks and writes about first generation family businesses here.
Subscribe to this Blog to be notified about more Small Business news and tips as soon as they are posted.
Share this article:Family Business - How to Make Them Work
Over to You. What do You Think? Post Your Comments Below. [Note to those seeking a free ride on our google ranking, blog spam will be deleted, but genuine contributions will be happily approved.]
Dr Greg Chapman is the Director of Empower Business Solutions and is Australia's Lea ding Advisor on Emerging Businesses and provides Coaching and Consulting advice to Australian Small Business Owners in Marketing & Business Strategies Planning & Systems. He is also the author of The Five Pillars of Guaranteed Business Success and Price: How You Can Charge More Without Losing Sales.
Promote Your Business on our Facebook Fan Page