What stage of the family business Lifecycle is your family business in?
My family business is a partnership business in which my father and this bother are in equal partnership
My father has 50% of shares and my uncle has the other 50% of shares
2. In what way does this stage reflect a ‘problematique’ and challenging stage?
It can be an issue when the co-owner attend the board meetings and have a different vision from each other so there can a conflict between the other party and my father and this brother also
3.How does this stage of your family business’ lifecycle contribute, affect or erode the business and ownership dimensions of your business?
Sometimes it can be hard to work with partners which do not share your same ideas and this can erode the business and it can also get differences between them and there families
4.What transition do you envisage for your family business’s lifecycle stage in the coming 10 years?
I think my father and his brother will want there children’s to get in there family business so the they can diversify there business and have more factories and more manpower so that they can i better market value