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Women entrepreneurs are important in the foundation, development, and continuity of any family business. This chapter explores entrepreneurial leadership by women in the context of family business in a developing Latin American country. The concept of entrepreneurial leadership challenges traditional approaches to research in both entrepreneurship and family business. Both fields have been critiqued for a focus on individualistic or gender-neutral perspectives, and furthermore with limited exploration outside developed economies. To address this challenge, this chapter presents an illustration of the entrepreneurial leadership of women in Honduras, a Latin American country where their involvement has been largely hidden or invisible in research to date. Findings reveal that a close examination of narratives of families in business can challenge socially embedded gendered assumptions of entrepreneurial leadership by women in developing economies.

Family entrepreneurial teams (FETs) have unique advantages and challenges that arise from their composition and dynamics. Studies of family business have traditionally focused on the business rather than the families behind businesses. Many families have a portfolio of enterprises and operate as an entrepreneurial team. Families have tended to be overlooked in studies of entrepreneurial teams. This chapter draws on knowledge of entrepreneurial teams and family businesses in order to explain family entrepreneurial teams’ functions and outcomes. A synthesis of the key concepts and dimensions in entrepreneurial teams enables the refinement of prior definitions and theorizing about family entrepreneurial teams. By focusing on the key dynamics (i.e., formation and composition, team interaction and team turnover) and outcomes of family entrepreneurial teams, the chapter will shed light on the contextual realities of FETs and the way that they differ from other entrepreneurial teams.