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Are family and friends a complete no case when it comes to business?

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They always say that family and friends should not be put into the mix when it comes to business. It always brings emotions and sentiments in business dealings. Does this submission imply that family and friends are a complete "No Case" in business?
 
There are some families that have instituted the culture of business strongly. If you belong to such family, you can partner with your family members for business.
 
At the end of the day, it depends on the kind of family or friend you have. I have seen people run a family business and they are doing extremely well.
 
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