"I went to a Harvard seminar in Sydney recently and the name of the seminar was 'Family businesses: successes and pitfalls'. The lecturer there said a typical family business is one where the founder starts it, the second generation builds it up and the third generation blows it up. Now there is a lot of truth in that."
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"During the lengthy process of production the business world is incurring outgoings in terms of money-paying out in money for wages and other expenses of production-in the expectation of recouping this…"
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