{"id":35240,"date":"2023-09-21T00:01:59","date_gmt":"2023-09-21T00:01:59","guid":{"rendered":"https:\/\/www.cos.net.au\/c\/?p=35240"},"modified":"2023-09-21T00:02:18","modified_gmt":"2023-09-21T00:02:18","slug":"why-family-businesses-shouldnt-run-like-the-one-on-succession","status":"publish","type":"post","link":"https:\/\/www.cos.net.au\/c\/news\/why-family-businesses-shouldnt-run-like-the-one-on-succession","title":{"rendered":"Why family businesses shouldn\u2019t run like the one on Succession"},"content":{"rendered":"\n<p>Family businesses ruled the roost in 2021 with\u00a0<a href=\"https:\/\/www.smartcompany.com.au\/business-advice\/five-things-learned-family-business-advisor\/\" target=\"_blank\" rel=\"noreferrer noopener\">such ventures<\/a>\u00a0representing 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.<\/p>\n\n\n\n<p>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.<\/p>\n\n\n\n<p>COS co-CEO Belinda Lyone,\u00a0spoke with\u00a0<em>SmartCompany<\/em>\u00a0about how both she and her sister strike a balance when it comes to business.<\/p>\n\n\n\n<p>CLICK <strong><a href=\"https:\/\/www.smartcompany.com.au\/people-human-resources\/family-businesses-succession\/\" data-type=\"link\" data-id=\"https:\/\/www.smartcompany.com.au\/people-human-resources\/family-businesses-succession\/\" target=\"_blank\" rel=\"noopener\">HERE<\/a><\/strong> TO READ MORE<\/p>\n<div class='watch-action'><div class='watch-position align-left'><div class='action-like'><a class='lbg-style3 like-35240 jlk' href='javascript:void(0)' data-task='like' data-post_id='35240' data-nonce='a26d9f67fa' rel='nofollow'><img class='wti-pixel' src='https:\/\/www.cos.net.au\/c\/wp-content\/plugins\/wti-like-post\/images\/pixel.gif' title='Did you find this useful?' \/><span class='lc-35240 lc'>+1<\/span><\/a><\/div><div class='action-unlike'><a class='unlbg-style3 unlike-35240 jlk' href='javascript:void(0)' data-task='unlike' data-post_id='35240' data-nonce='a26d9f67fa' rel='nofollow'><img class='wti-pixel' src='https:\/\/www.cos.net.au\/c\/wp-content\/plugins\/wti-like-post\/images\/pixel.gif' title='' \/><span class='unlc-35240 unlc'>0<\/span><\/a><\/div> <\/div> <div class='status-35240 status align-left'><\/div><\/div><div class='wti-clear'><\/div>","protected":false},"excerpt":{"rendered":"<p>Family businesses ruled the roost in 2021 with\u00a0such ventures\u00a0representing 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 &#8230; <a title=\"Why family businesses shouldn\u2019t run like the one on Succession\" class=\"read-more\" href=\"https:\/\/www.cos.net.au\/c\/news\/why-family-businesses-shouldnt-run-like-the-one-on-succession\" aria-label=\"Read more about Why family businesses shouldn\u2019t run like the one on Succession\">Read more<\/a><\/p>\n","protected":false},"author":6,"featured_media":35242,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2081],"tags":[],"class_list":["post-35240","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/www.cos.net.au\/c\/wp-json\/wp\/v2\/posts\/35240","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.cos.net.au\/c\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.cos.net.au\/c\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.cos.net.au\/c\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/www.cos.net.au\/c\/wp-json\/wp\/v2\/comments?post=35240"}],"version-history":[{"count":1,"href":"https:\/\/www.cos.net.au\/c\/wp-json\/wp\/v2\/posts\/35240\/revisions"}],"predecessor-version":[{"id":35241,"href":"https:\/\/www.cos.net.au\/c\/wp-json\/wp\/v2\/posts\/35240\/revisions\/35241"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.cos.net.au\/c\/wp-json\/wp\/v2\/media\/35242"}],"wp:attachment":[{"href":"https:\/\/www.cos.net.au\/c\/wp-json\/wp\/v2\/media?parent=35240"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.cos.net.au\/c\/wp-json\/wp\/v2\/categories?post=35240"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.cos.net.au\/c\/wp-json\/wp\/v2\/tags?post=35240"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}