Family-owned businesses have been the backbone of the American economy since our country’s beginnings. According to the advocacy group Family Enterprise USA (FEUSA), there are roughly 5.5 million family-owned businesses in the U.S. today. These businesses contribute more than half (about 57 …
Family Business Articles and Interviews (tag)
The Secret to Making a Family Business Work
Owning and operating a small business is no easy feat. Add family to the mix and it can get even harder as Harvard Business Review reports that only 30% of family-run businesses survive to the second generation. This made me wonder why some are able to defy the odds and actually thrive when …
