While the idea of a "family business" may bring up warm feelings about a business, it can bring challenges and opportunities when the ownership is transitioning from one individual to another. Our guest expert is Henry Hutcheson, author of Dirty Little Secrets of Family Business. Whether the business is a partnership among friends, a business transitioning from one generation to the next, or a transition involving siblings, cousins and other family members, Henry's expertise is helping make the transition smooth as well as helping make sure the business is ready for the transition and that the business endures.

If you are a part of a family business, this is another of the very important Small Business Conversations from Profits Plus and Tom Shay.