Family Businesses are the oldest, most wide spread and potentially the most powerful form of business structures in the economy. In case of family businesses, done consciously or unconsciously, there is huge overlap between the owners’ ambition and the strategic plan of the business.These businesses come in all shapes and sizes and range from a multi-billion-dollar global-giant to a small store across the street. However, the vast majority of such companies are SMEs – small and medium sized companies. People involved in these businesses have a wide variety of stakes, ranging from only equity to only working to any combination of these. What makes this sector unique is that the stakeholder map is intertwined with relationship map.