Family entrepreneurship is a specific form of entrepreneurship in which family members are the bearers of the entreprenurial process. Key characteristics include ownership, management and control of a family business, typically spanning generations and having a long-term focus. The succession process in family businesses is very challenging and can cause conflicts of interest among family members. Successful family businesses often have an elaborate succession plan, use clear management structures and professional leadership to overcome these challenges and ensure long-term success. As good as family businesses are because of togetherness, trust and working towards common goals, they also have a number of disadvantages that become visible in the moments of making important decisions that are essential for the further course of business. The key to the success of a family business is clear and open communication between family members and employees, diversity and innovation, values and culture, the ability to adapt to changes in the market as a quick reaction to new challenges and financial stability in terms of continuous growth. The critical point of a family business is the transfer to the next generation. It is important that the successor is motivated and willing to continue doing business under the family company and if not: the business owner should think about the option of hiring a professional manager in order to maintain the business. As an example of one such company, the family company Stolarija Madžar is mentioned: a company that has yet to enter the transfer phase in a certain period of time. In a short interview with the owner, it has been stated what he thinks about his company, whether he is planning to transfer it and which options is he familiar with.