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    s will be loyal and have a willingness to sacrifice for the benefit of the business. For these reasons it is important the right
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    A family business is defined as one that has 2 or more members of the same family working for it, the business is run for the benefit of the family. Generally speaking most family business does not last longer than 25 years, or 1 generation.

    There are advantages and disadvantages to working in a family business, one of the main disadvantages are; if thing go drastically wrong it can ruin a family relationship forever; there is also sibling rivalry to take into account. On a positive note family members will be loyal and have a willingness to sacrifice for the benefit of the business. For these reasons it is important the right

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    nefit of the family. Generally speaking most family business does not last longer than 25 years, or 1 generation.

    There are advantages and disadvantages to working in a family business, one of the main disadvantages are; if thing go drastically wrong it can ruin a family relationship forever; there is also sibling rivalry to take into account. On a positive note family members will be loyal and have a willingness to sacrifice for the benefit of the business. For these reasons it is important the right

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    e advantages and disadvantages to working in a family business, one of the main disadvantages are; if thing go drastically wrong it can ruin a family relationship forever; there is also sibling rivalry to take into account. On a positive note family members will be loyal and have a willingness to sacrifice for the benefit of the business. For these reasons it is important the right
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    it can ruin a family relationship forever; there is also sibling rivalry to take into account. On a positive note family members will be loyal and have a willingness to sacrifice for the benefit of the business. For these reasons it is important the right
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    s will be loyal and have a willingness to sacrifice for the benefit of the business. For these reasons it is important the right business is selected when looking to acquire.

    One of the main things that should be considered when looking to acquire a business is simply; why is the business on the market? Is it because there is a fundamental problem or are the owners simply ‘cashing out’.

    Other considerations:

    How will the family business be managed? In an ideal world every family member would have an equal share, however in reality this is not practical as someone needs to have overall authority otherwise decision ma

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