Father or mother may not know best

Let us now praise family business founders. They are able to transform a great idea into a thriving enterprise that provides their family not only with financial security but also with inspiration that guides them for generations to come.

Along with their stellar entrepreneurial vision, many founders have a need to maintain control, particularly when relating to their children who join them in the family business. Even when “the kids” are well into their 40s, a strong-willed patriarch or matriarch may find it challenging to view them as accomplished businesspeople and take their suggestions seriously.

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About the Author(s)

Barbara Spector

Barbara Spector is Family Business Magazine's editor-at-large.


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