Skip to Main Content

Helping Family Businesses
Prosper Across Generations®

Family Influence on Entrepreneurship

Dan Bricklin, the founder of VisiCalc and other businesses, told his story to Harvard Business Review (September 2001). He had several insights on entrepreneurship that will ring true to families in business.

Bricklin’s father ran a business that he inherited from his father. Time at their business and dinner table conversations, he said, “prepared me (though I didn’t realize it at the time) for the trials I would face in my own ventures.” One important insight: “respect for the paradox of running your own business – the contradictory feelings of freedom and responsibility.” Another: “Growing up, I never expected that some big company would eventually take care of me.”

Bricklin tells about some of the inevitable challenges and failures that come with entrepreneurship and tells of how essential it was that he felt his family’s support. “When you’re an entrepreneur, you need a family who will support you that way, a family who will separate your success in business from your worth as a person.”

Two other insights help Bricklin maintain balance and perspective: “You are not your business”, and, the importance of timing – being in the right place at the right time.

 

Back

 

Articles purchased or downloaded from Family Business Consulting Group® are designed to provide general information and are not intended to provide specific legal, accounting, tax or other professional advice. Since your individual situation may present special circumstances or complexities not addressed in this article and laws and regulations may change, you should consult your professional advisors for assistance with respect to any matter discussed in this article. Family Business Consulting Group®, its editors and contributors shall have no responsibility for any actions or inactions made in reliance upon information contained in this article. Articles are based on experience on real family businesses. However, names and other identifying characteristics may be changed to protect privacy.

The copyright on this article is held by Family Business Consulting Group®. All rights reserved.
Articles may be available for reprint with permission. To learn more about using articles for your publication, contact editor@thefbcg.com.

8770 W. Bryn Mawr Ave., Ste 1340W, Chicago, IL 60631
P: 773.604.5005 E: info@thefbcg.com 

© 2017 The Family Business Consulting Group, Inc. All Rights Reserved.

close (X)