It is important that family members distinguish between family issues and business issues, otherwise there will be many pitfalls in the successful operation of a family business.
This paper - "Disputes In Family Businesses" - analyses why family businesses need formal control systems if they are going to survive.
The paper is presented in three pages and covers:
- Mixing Family And Business
- Generation Gaps
- Major Crisis Points In A Family Business
- Communication
- Settling Disputes