Families are from Venus, businesses from Mars.
There is an ancient saying, “Never do business with family or friends”
I am not taking a side, but continued existence of the family business is a concerning challenge even today for the families in the business.
We all know about some of the most discussed family business fracases (Like, Hancock Prospecting, Rollins, Puma and Adidas, L’Oréal, Gucci family dynasty, Hustler magazine, Redstone Enterprise, etc.). Each feud is virtually like a compelling, intimidating, and hammy potboiler than a reality.
Even back home, there are many comparable examples, characterized by twisted interpersonal affairs and unbelievably melodramatic events.
The truth is family businesses are not always a picture-postcard of family bliss.