Family Businesses that Beat the Odds

Sunday, June 15, 2008

"The disadvantage in a family business is that family members sometimes have poor relationships that tend to get in the way of their business success," said Ritch Sorenson, a professor of entrepreneurship at the University of St. Thomas. "But they have something that I call family capital. ... Just due to blood relationship and commitment you have extraordinary resources in a family business that you wouldn't in a non-family business.

Originally published: 06/15/2008, Pioneer Press