Family businesses deserve to be pleased with their accomplishments. After all, according to an article in Bloomberg Businessweek family-owned businesses are responsible for 60% of all employment in the U.S., 78% of all new employment and add 50% to the national gross domestic product. The SBA points out that 90% of all businesses in the U.S. are family-owned. Family businesses are the foundation of our country’s economy.
The question is: How solid is the foundation of each, individual family business? (more…)