Family Business Conflict
Families and Business are incompatible. They come from different worlds:
And yet, family business is by far the most common form of business ownership around the world.
Like marriage (which also involves family!) the romantic vision isn’t always matched by reality. Over time, people change and challenges grow. Long term success may look effortless, but it takes a lot of hard work.
Very few families make it past their 3rd generation in business together. Some separations are planned and amicable, many are caused by family conflict in, or associated with, the family’s business, or its wealth.