Careers

5 Considerations Before Entering A Family Business

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The family business is one of the oldest forms of business organizations, and in the United States, 19 percent of 28.8 million small businesses are family-owned. Although the challenges of succession and innovation prove to be too much for many such enterprises, family businesses often perform well and are viable options for many young professionals. As a career coach at a graduate business school, I regularly encounter students who are interested in entering a family venture, and if you happen to be one such student, here are five things to consider.

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