A family business

Idiom

A family business

Definition

A business that is owned, managed and operated by members of the same family.

Examples

My dad and I are running a family business together

My uncle passed down his family business to me

Origin

Believed to have been in use since the late 1800s.

FAQs

Question

How do you start a family business?

Answer

Starting a family business requires careful planning, a strong team, and a good business plan.

Question

Who typically owns a family business?

Answer

Family businesses are typically owned by members of the same family, though they can also be owned by a mixture of family and non-family members.