The world has known quite a few dynasties in the business world. While stories of children of business people taking to sports or the humanities is legion, it is probably more true that children born in business families develop a better acumen for business. Why else is it that the Harvard University’s business school is full of children of very wealthy businessmen? Critics will say there is money at work here; but a saner explanation would be that children of business families are really born with the business sense – hence their journey to a famous business school does not have to necessarily depend on the amount of money their parents spend in donations and the life.
Of all the modern day business families, perhaps the most well known one is the Walton family. This is the family that founded the Wal-Mart in rural America almost half a century ago. The founder was, of course, Sam Walton; but most of his children and other family members have taken to business very well. This is amply proved by the fact that Wal-Mart is managed by some of the Walton children, and it has managed to run very well without the presence of its esteemed founder in the last few years.
Business dynasties may not always last as long as royal dynasties; at least, the history of the world is not able to prove otherwise. However, it is often seen that businesses do run in families for a long time. There are notable examples, including certain Jewish families, and the Marwari clan of India. In the second example, it is interesting to learn that of the upcoming billionaires and millionaires in India, almost 60 to 70 percent are from the Marwari clan. This just shows that business acumen can be a hereditary trait.
If you are from a business family, therefore, it is more than probable that you will do well in business.