What is a family business?The famil

What is a family business?
The family firm predates recorded history. Relatives, often in extended family tribal groups, hunted together, farmed together, governed together, and engaged in other, similar activities to sustain and improve their lives. As economies and governments started to take shape, families created enterprises that passed knowledge and skills from one generation to another, Entrepreneurs generated and conserved wealth that led to the establishment of dynasties that survived wars and famines. Family enterprises in many countries have survived for centuries