Family business english word

  • What does the phrase family business mean?

    a business that belongs to a family, and in which family members work..

  • What is a better word for family business?

    a corporation that is entirely owned by the members of a single family. type of: close corporation, closed corporation, private corporation, privately held corporation..

  • What is a family run business called?

    Family Limited Liability Company (LLC)
    In a Family LLC, owners are called members and must be related by blood or marriage..

  • What is the English term for business?

    Some common synonyms of business are calling, employment, métier, occupation, pursuit, and work.
    While all these words mean "a specific sustained activity engaged in especially in earning one's living," business suggests activity in commerce or the management of money and affairs..

  • What is the meaning of my family business?

    A family-owned business may be defined as any business in which two or more family members are involved and the majority of ownership or control lies within a family.
    Family-owned businesses may be the oldest form of business organization..

  • Advantages of family businesses
    Your family is more likely to understand that you need to take a more flexible approach to your working hours.
    Loyalty - strong personal bonds mean you and family members are likely to stick together in hard times and show the determination needed for business success.
family business in British English (ˈfæmlɪ ˈbɪznɪs ) or family firm. noun. business. a business that belongs to a family, and in which family members work. I was working in the family business.
She went into the family business when she left school. Collins English Dictionary. Copyright © HarperCollins Publishers. Examples 

What is a family business?

(ˈfæmlɪ ˈbɪznɪs) or family firm

noun business a business that belongs to a family, and in which family members work I was working in the family business

A family business depends on solid, close-knit family relationships

What is the difference between a family business and a listed company?

While listed companies mull over quarterly results, family businesses take on a much longer-term view

With perpetuity in mind, this can result in very different behaviour

This could mean a more prudent and conservative approach to doing business, and a tendency to hold on to more resources


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