Working with your family to build and manage a small business comes with challenges.
This article is part of "Small Business Playbook," a series exploring leadership challenges and the solutions that can drive growth.
About 29% of employer firms are family-owned, according to the US Small Business Administration's Office of Advocacy.
Set boundaries between family and work lifeFamily-owned small businesses are a "lifestyle," Engle said.
Keep a small business thriving for as many generations as Engle's requires looking at the big picture, Pendergast said.
Persons:
—, Matilda Reuter Engle, Engle, It's, Jennifer Pendergast, Pendergast, it's
Organizations:
Service, Fox Inn, Middleburg Hospitality, Red Fox, US, Business, SBA, Chamber of Commerce, Kellogg School of Management, Northwestern University, SCORE, Small Business Administration
Locations:
Middleburg , Virginia, Middleburg