Small Business Management: Whyis Family Business Help Stuck in ...

I belong to several LinkedIn groups that focus on family business.?

An interesting question was posed on The Family Business Network: ?What are the key differences between owner managers of a family business and Corporate Management business thinking? What are the main stumbling points between making the transition? ?

Why is Family Business Help Stuck?

How about re-framing this question to add ?entrepreneurial thinking??? Why is it necessary for FB experts to use the dichotomy of family business vs. corporate? By definition a family business starts out as an entrepreneurial venture. Over time the founders lose that entrepreneurial vision since the perceived risks of growing the business and changing increase with their age.

Could this be that many who consult with Family Businesses are not entrepreneurs??

Corporate mangers are in place to maintain the status quo? not to be visionary. And keeping a business as a family venture means thinking for 30 years out?

So maybe family businesses are best served by people who can bring in the corporate side of risk reduction and status quo AND people who have vision to carry the business forward for generations to come.

I am sure many may disagree and I come to this perspective from personal experience.?

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All the best!
Dom Celentano
Tips on Running a Small Business

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