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This study aims to examine the impact of opportunism on family small to medium sized enterprises (SMEs), particularly in Indonesia. At this time there are still differences of opinion about whether opportunism occurs in family businesses, and adversely affect the performance of family companies. This study used small and medium scale family business as research subjects. A total of 370 family business located in the former Surakarta Residency and Jogjakarta Province, covering the areas of Surakarta, Klaten, Sukoharjo, Karanganyar, Boyolali, Wonogiri and Sragen and Bantul were involved in this research. To analyses the data, this study used multiple regression and descriptive analyses. By using those methods, hypothesis were tested and discussed. After data were cleaned, only 314 data can be used to tested the hypothesis. The result indicated that opportunism has negative effect to the performance of family small and medium enterprises