In this episode, we discuss whether there is a single point in time where you ‘become’ a family business.
There are many different definitions and as Nick informs us there are something like 90 odd definitions recognised within the EU.
John and Emma have both worked within family businesses and so they share their experiences of when they felt their businesses ‘become’ family businesses.
John explains how his daughters tied him to a chair and Nick and Emma recount the time they arrived at a ‘family business’ to give them some advice and were promptly told that despite it being family owned the business they were visiting was most certainly not a family business.
