Does a desire for control constrain growth in family businesses?

FAMILY businesses are by no means small businesses - many of them have passed through several generations to grow into significant employers with impressive turnovers and real standing within their communities.

But they are very different to other private businesses - decisions are not purely geared to profitability and there are issues around maintaining harmony within the family.

Narinder Paul, tax partner at KPMG, says: “The biggest hurdle is getting consensus from the shareholders and family me... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...