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The Challenges and Benefits of Running a Family Owned Business

Ben Wilson is the Business Leader of MPM - A successful manufacturing composite business with a turnover that has more than doubled since becoming Business Leader and running the business alongside his brothers: Syd the Product Development and Business Leader and Dylan Wilson the Operations Leader.

A friend of mine recently asked me, “What do you love about running a family business? You’ve built a successful composite manufacturing firm with your brothers and father. You’ve expanded the business and yet you’ve kept the same values about not accepting second best of yourselves or others. My brothers would have torn each other’s heads off by now! I don’t know how you do it!”

This discussion caused me to sit down and really think about the benefits and challenges of running a family owned business as the Business Leader.

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Family Business, Challenges, Benefits