Look at any business in your town that you haven't read a headline for, and it is probably a private company where the CEO/founder/boss just keeps the ship upright and the staff paid.

One of my friends growing up had a family business like this, it was a company that, from what I gleamed, just melted different grades of steel and rolled it back up according to customer specifications. His grandpa started it, and his dad runs the day to day. It has a staff of maybe 50 people in the whole factory so everyone knows each others family pretty well.