Each family-owned business is as unique as the family members behind the business and, unfortunately, those qualities can often lead to inefficient operations, questionable decisions and far too many cooks in an already overcrowded kitchen.
Family-owned businesses that are run like traditional corporate entities-without bending to the personal preferences, philosophical differences and emotional baggage of its owners-are more likely to set clear goals, function within established parameters, reach quick and rational decisions using pre-established criteria and achieve higher levels of success.
