Over the next several months I plan to focus my column solely on family businesses.
Family-owned or controlled businesses account for more than 80 percent of all U.S. businesses. The net of all jobs created in the United States come from family firms. Yet, roughly 70 percent won’t make it to the next generation.
The biggest challenges that these businesses face are rarely addressed. Even many of the top business schools fail to cover these topics when educating their students.
I’ve had the pleasure of working with many family businesses over the years. Watching siblings working together, teaching each other, building on a legacy that their parents or grandparents started is a wonderful thing... Read More