What is family entrepreneurship? Discover its meaning, benefits, and challenges, plus tips for starting and growing a family business.

What is Family Entrepreneurship?

Family entrepreneurship refers to the practice of starting, managing, and growing a business where ownership and decision-making are predominantly handled by members of the same family. This type of entrepreneurship is often characterized by shared goals, intergenerational involvement, and the blending of personal and professional dynamics. Key Characteristics of Family …