Businesses Are Keeping It In The Family

Owners of family businesses say that the benefits of starting and running their company are:

Being their own boss (75%);

Working for themselves and their families (69%);

Sharing their desire to succeed with others (65%); and

Flexibility of schedule (61%), finds MassMutual.

The situation isn’t entirely rosy, however. More than four in 10 (44%) say they experience more stress, 39% have less time off, and 32% have family disagreements.

Family business owners say their spouses are the most trusted person involved in their business, but they are not the most trusted source for business advice. That would be accountants (55%), followed by lawyers (43%) and spouses (43%). [Business/Industry, Family]

Source: “FamilyPreneurship Survey,” MassMutual, Karen Lavariere-Sanchez, 1295 State St., Springfield, MA 01111; 413-744-7660; klavarieresanchez@massmutual.com; www.massmutual.com.

© Copyright 2011, EPM Communications, Inc. May not be reproduced without written consent of publisher.

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