Factors Affecting the Existence of Family Based Business

Abstract

A family business is a form of business that involves some family members in the ownership or operation of the business. Succession or business inheritance from the previous generation to the successor (children/grandchildren) is one of the biggest obstacles in maintaining a family business. A family business is not started in an instant, but requires a lot of energy and time to build it. This indicates that trying to find a successor who will become the leader in the family business is not easy. The pottery industry in Pulutan Village, Remboken District, Minahasa Regency has existed since the founding of Pulutan Village in 1916. The author's research results in 2020 found that the stages of the succession process for the pottery business in Pulutan Village, consist of (1) pre-business stages; (2) the introduction stage; (3) implementation and development stages; and (4) maturity and pre-succession stages. This process takes place from generation to generation, and is supported by a number of certain factors that have been closely related to the life of the Pulutan Village community. For this reason, this study aims to find a number of factors that influence the existence of family-based businesses in the Pottery Industry Center, Pulutan Village, Remboken Minahasa District.