Rob Lachenauer, the CEO at Banyan Global Family Business Advisors in Boston, was quoted in Forbes as saying:
“In a non-family business, you can quit your job, and it’s usually a career-enhancing move. In a family business, you sure can’t quit your family,”
But family businesses are the backbone of most economies.
In the US, the immigration waves during the first part of the 19th century brought new Americans seeking greater economic opportunity, and many began family businesses. In Europe, the family business has been the backbone of trade dating back to the middle ages.
So what makes
|