What’s it like when your co-founder is the old man? Entrepreneurs sound off on the thrills and challenges of launching a family business.
According to the Small Business Administration, “about 90 percent of U.S. businesses are family-owned or -controlled,” writes Inc.’s Eric Markowitz. ”Working with family members may be common, but it’s hardly easy. Co-owning a business with a parent or child can create a relationship charged with emotion and create complex working dynamics.”
Markowitz profiles a collection of father-son teams and family business owners to provide insight into the particular challenges and offer advice on how to make the partnerships succeed. “For better or worse, entrepreneurs agree that running a business with a family member gives them most an opportunity most people don’t get past childhood: time with each other. A lot of it.” Read Markowitz’s full article for more.