In a family business, family and business often overlap. Function and goals of the business, purposes and concerns of the family, and concerns of employees, some of whom may be family members are all situations that family business owners must deal with. There is often conflict between what's good for the business vs. what's good for the family. Various roles of individually such as a supervisor being both boss and parent can lead to touchy relationships. Disadvantages are often emphasized and advantages ignored, there are some distinct advantages to owning a family business.
Culture is am important aspect of any business.
Organizational culture refers to practices distinguishing a given firm, such as beliefs about working beyond the closing hour of slowing down as closing time approaches. Culture has a top down effect. It is set by the founder, top management, or CEO in an organization, and can follow different configurations. However, leadership change can facilitate a change in culture. The goal is to retain the good aspects of the culture and discard the anachronistic and inefficient.