BOSTON (CBS) – Family businesses are a big part of what makes our nation successful and help to keep the American Dream alive. The idea that someone can start a business and build a successful brand that can then be passed down through family to future generations has inspired many of the small businesses that are flourishing today. But are there some drawbacks to starting a family business? Are there challenges that are unique to these ventures? Author Paul Karofsky joins Dan in studio to talk about the pros and cons of owning a family business.
Originally broadcast October 6th, 2016.