Many people who work in family-owned businesses, or family firms, have never stopped to think of the concerns that are unique to family businesses. While about half of the gross national product comes from family owned businesses, and roughly half of America's workers are employed in family firms, the family business is seldom seen as having issues of any significant difference than other sole proprietorships, partnerships or corporations.

Inc. Magazine decided it was time to dig deeper into family business issues. Author, Christine Lagorio recently posted the article entitled, How to Run a Family Business, which discusses how to run your family business the right way. She interviewed experts on this topic asking them to share their advice and lessons learned. Since I’m a Family Business Coach and the author of, Entrepreneurial Couples - Making it Work at Work and at Home, I was able to share some practical tips for family businesses. I discussed the value of determining what your family style is and working that into your business, as well as the importance of writing a formal business-partnership agreement. Click here to read the article in its entirety.

If you would like to learn more about family business or being an entrepreneurial couple, please visit the Entrepreneurial Life section of my website.