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Success Tips for Family Business Owners, Employers, and Professionals

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This book introduces readers to the family business, which is the most prevalent form of business in the world. The differences between family and nonfamily businesses are emphasized in this book. This book has several key audiences and can be used as a supplemental text for university undergraduate or graduate level courses such as small business management, introduction to business, entrepreneurship, and family studies. This book focuses on family businesses in both the United States and other countries. Chapter 8 explores key success tips for long-lasting family firms. To survive for multiple generations, a family business needs enough flexibility to accept transition and the ability to recognize opportunity when the markets or business environment has changed. A family-owned business must address issues surrounding family employment policies.
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