Family-owned businesses are a prevalent model of business ownership globally, demanding leadership that can balance strong decision-making, transparent communication, and emotional intelligence to skillfully navigate the complex dynamics between familial relationships, business operations, and ownership structures. This entry draws on existing literature to examine family dynamics’ positive and negative influences and its effect on the business. It also explores strategies for balancing familial and business relationships, and the phenomenon of role ambiguity. Focus on conflict resolution strategies, common family conflicts, why conflicts go unresolved, and the importance of establishing boundaries and clear roles within the family business structure are highlighted. The entry also discusses leadership skills in family-run businesses, focusing on leadership skills for conflict resolution.