owned business", is described that to move the business into the next level of .
development stage, can be accomplished when parents support their children in .
establishing their independence and competence through their work in the .
company ( Ambroce, 1983). Also, an advisor Mr. Aron Pervin suggested that .
"maturation is the starting point for successfully ensuring continuity for a family .
owned enterprise form one generation to the next (Pervin, 2001). The owner .
needs to involve other member's roles and responsibilities, required at different .
phases of the businesses existence to contribute to the firm's continued growth, .
success and future. If young adults decide to join the family company they need .
to be involved in different decisions such as money, investment, portfolio, and .
any other related business decisions. Also, if children have a sense of self-worth, .
and fulfillment money in the business will not become a problem .
(Gersick, 1997, pp.164). In this stage sibling partnership pays an important role .
because every sibling partner needs to have a good relationship to face stress .
and other difficult decisions. One of the decisions that partner need to be aware .
of is if there is any opportunity for their own children. Another factor is to decide .
which member of the third generation should enter the company. The relationship .
between in laws could be difficult over finances and other matters relating the .
involvement in the business. As this stage owners seek help form family council .
to discuss family conflicts and to develop guidelines for family decision making .
(Gersick, 1997, pp.166).Therefore, every developmental stage has different roles .
and conflict that a family business needs to realize and learn to overcome any .
difficulties and obstacles.
Ownership Issues .
The ownership structure is the second most important stage of the .
developmental model. In the United States there is an estimated 20 percent of .