10 Pitfalls of Starting a Family Business


A family business mixes office politics with family dynamics.
A family business mixes office politics with family dynamics.
Erin Patrice O'Brien/Getty Images

Starting a business with family is dangerous. You can never fall back on that old line from "The Godfather," "It's not personal Sonny. It's strictly business." Everything is personal. Just look at the Corleones -- maybe things would have ended better if they'd had a little outside advice.

Granted, most family businesses are along the lines of plant nurseries and Asian-fusion restaurants, but a surprisingly large amount of our advice could also apply to running a ruthless mafia syndicate. We're just saying. So, leave the gun and bring the cannoli to the next page for 10 pitfalls of starting a family business.

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