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Over 85%
of United States
businesses are family owned and operated, producing about 50% of the Gross National
Product and employing about half of the nation's workforce, making them the cornerstone of
our local and national economy. Even so, the failure rate of family businesses has made
them an Endangered Species!
Every year, it
takes almost 500,000 business
start-ups to replace family businesses that have failed. The basis for most family
business failures usually falls into three categories:
1. Loss of
competitive edge through an inability
or unwillingness to utilize creative change or "Forward Thinking."
"We've
always done it this
way...why change?"
2. Lack of
knowledge or accessibility of
innovative information or resources that would provide increased productivity and profit.
3. Lack of
far-reaching plans...for continued
growth and profitability for generations to come.
As a FAMILY
Business Association Member, we
can provide you with expert information, resources and consultants to aid you in every
facet of family business.
*Click Here for more information on Membership Benefits*
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