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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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