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Issues in Small Business and Entrepreneurship: An Essay on "The biggest problem facing family firms is the family"Discuss Author: Tracy Garratt Student Number: 20059201 Tutor: John Stephens Module: IBO2006 Submission Date: January 12th 2002 Small Business and Entrepreneurship Tracy Garratt 20059201 "The biggest problem facing family firms is the family" Discuss Family businesses have been around for a long time, when craft and farm businesses were the only business in existence it was almost universal practice for them to be passed on through generations of the same family. (Bridge et al 1998,p129) Family businesses are still very popular and have a major contribution to the economy. They range in size from a small local shop to multinationals such as Mars, S.C. Johnson & Sons etc. (Timmons 1994,p283) A definition by www.entrepreneurmag.com "Think about all the quarrels you've had at the dinner table. Now bring all your squabbles and rivalries to work every day" this is a family business. The business...

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