WORKING IN A FAMILY BUSINESS Carman Dragone
Family-controlled and quoted companies create more wealth and outperform public corporations on many metrics including total returns and cash flow.
They also have a greater incentive when it comes to prudent management, given the common aspiration to pass on a healthy business to the next generation
Nike, Volkswagen, Samsung, and Wal-Mart are familyowned businesses
The downside is equally convincing, 70% of family-owned businesses fail or get acquired before the second generation takes the helm.
When making your own decision about whether or not to start a business with family members, consider some of the pros and cons.
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