The obvious advantage is the trust, loyalty and dependability that you have from and for your customers, employees, suppliers and stockholders.

Family companies tend to be intuitive and instinctive. The business and the culture is in their blood, which means they don't have to spend a lot of time with analysis, poring through reports or making decisions.

One of the big challenges of family companies is attracting outside talent.

There is just a totally different perception of the job and a totally different sense of responsibility for the owner.

The therapist is no joke. A lot of what appear to be legal or financial problems are really emotional problems.

If you have a problem in your job or business, you can quit and leave. But you can't quit your family.