What does family business mean?

Definitions for family business
fam·ily busi·ness

This dictionary definitions page includes all the possible meanings, example usage and translations of the word family business.

Princeton's WordNet

  1. family businessnoun

    a corporation that is entirely owned by the members of a single family

Wiktionary

  1. family businessnoun

    A business whose owners are all members of the same family.

Wikipedia

  1. Family business

    A family business is a commercial organization in which decision-making is influenced by multiple generations of a family, related by blood or marriage or adoption, who has both the ability to influence the vision of the business and the willingness to use this ability to pursue distinctive goals. They are closely identified with the firm through leadership or ownership. Owner-manager entrepreneurial firms are not considered to be family businesses because they lack the multi-generational dimension and family influence that create the unique dynamics and relationships of family businesses.

ChatGPT

  1. family business

    A family business is a commercial organization or company in which decision-making is influenced by multiple generations of a family, who are closely identified with the firm through leadership or ownership. These types of businesses often have the intention to pass the company from one generation to the next within the family.

Wikidata

  1. Family business

    A family business is a business in which one or more members of one or more families have a significant ownership interest and significant commitments toward the business’ overall well-being. In some countries, many of the largest publicly listed firms are family-owned. A firm is said to be family-owned if a person is the controlling shareholder; that is, a person can garner enough shares to assure at least 20% of the voting rights and the highest percentage of voting rights in comparison to other shareholders. Some of the world's largest family-run-businesses are Walmart, Samsung Group, Tata Group and Foxconn. Family owned businesses account for over 30% of companies with sales over $1 billion.

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Numerology

  1. Chaldean Numerology

    The numerical value of family business in Chaldean Numerology is: 1

  2. Pythagorean Numerology

    The numerical value of family business in Pythagorean Numerology is: 3

Examples of family business in a Sentence

  1. Harry Sdralis:

    You're talking about massive losses right now. Massive, our family business will continue because we are a strong family, strong community and strong city.

  2. Gustavo Carranza:

    That uncertainty of the water situation, it's like you can't feel that happy about them trying to come back to the family business, and that is a bad feeling.

  3. Irvin Feld:

    Each elephant costs over $65,000 a year, per year, over all the years of their life, we're fortunate we're for profit. We do make a profit and we're a privately owned family business, and so we've made a decision we want to devote a lot of resources here.

  4. Ken LaGrande:

    Sun Valley Rice now is a fully integrated arm of the family business,' from farm to fork' if you will, we source rice from 200 farms, or about 10 % of the rice crop gown in California. And we handle drying, milling, packaging and marketing of the rice.

  5. Austin Gary:

    They're not going to keep stealing because we upped the security devices, we're a family business. The community has been very supportive for us and we believe that we're going to fight back. Not like they fight. We're going to fight back just by looking out for one another, being there for one another, and it's going to come to a stop. It's going to come to a stop.


Translations for family business

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"family business." Definitions.net. STANDS4 LLC, 2024. Web. 4 Mar. 2024. <https://www.definitions.net/definition/family+business>.

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