Whether a child is groomed to take over the family business or mistakenly pushed into it, problems often arise when family and authority mix.
It's not something that most family-run businesses want to think about, but selecting an heir apparent can be even trickier than launching the company.
Family-owned businesses have a strong foundation in emotion, according to Joel Getzler, vice chairman of Getzler Henrich, a turnaround and restructuring company, and that can make it nearly impossible to make impartial decisions about the future of the firm without allowing deep-seated emotions to creep in.
"Being in an emotional relationship and a business relationship puts a different, more difficult kind of strain on relationships," said Getzler, who inherited his consulting firm from his father.
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