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Why family businesses shouldn’t run like the one on Succession

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Family businesses ruled the roost in 2021 with such ventures representing 67% of all Australian companies, however, new research has revealed that only one in three Australians would start a business with someone from their family.

A study commissioned by COS ahead of National Family Business Day this month, revealed that the main reasons why the majority of Aussies these days would never consider starting a business with a family member were concerns with mixing family and business and arguments within the family.

COS co-CEO Belinda Lyone, spoke with SmartCompany about how both she and her sister strike a balance when it comes to business.


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