What is Family Business?
A family business is a commercial enterprise in which decisions are made and controlled by family members. There are many different types of family businesses, from sole proprietorships to large multinational corporations. The one common denominator is the business is controlled by members of the same family. Family businesses can be either first-generation businesses, where the founding family member started the company from scratch, or second-generation businesses, where the current generation of family members took over an existing business. Third-generation businesses are becoming more common as families continue to run businesses for multiple generations.

What can I do with a degree in Family Business?
There are many different things you can do with a degree in family business. You could start your own family business, or take over an existing one. You could also work in a family business as a consultant or advisor, or teach family business courses at a university.

Why is studying Family Business important?
There are many reasons why studying family business is important. It can help you better understand how to run a successful family business. It can also enable you to understand the challenges and opportunities that come with being in a family business. Additionally, studying family business can give you insight into the different dynamics at play in a family business, and how to best manage them. Studying family business can help you appreciate the importance of family businesses in the economy and in society more broadly.

What types of Family Business degrees are available?
There are many different types of degrees in family business. You could get a degree in business administration with a focus on family businesses, or earn a law degree with a focus on family businesses. There are also PhD programs in family business. These programs typically involve research on topics related to family businesses, such as succession planning, governance, and leadership.

What will I study during my Family Business degree?
Common courses include family business management, entrepreneurship, finance, and law. You will also likely take courses on topics specific to family businesses, such as succession planning and governance.