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10 Surprising Facts about Family Businesses

10 SURPRISING FACTS ABOUT FAMILY BUSINESSES 1 CLOSED 4.3 million family businesses closed during the Great Recession of total number 18% of family-held companies 70- 90% of global GDP comes from family and closely held businesses FAMILY BUSINESSES are a dominant force in developing and developed countries 80- 90% of North American GDP comes from family and closely held businesses of U.S. GDP 64% $$$ 62% of U.S. population works for family businesses 34% 4 of S&P 500 companies are family businesses WAL-MART LOWES FORD • non-family firms • family firms Family businesses have a 6.65%* greater ROA than non-family firms 24 years is the average lifespan of a family business 34% 6. of family businesses plan to name a woman their next CEO Merit-based promotions are becoming the norm Family businesses are at risk of failure DURING transitions 47.7% 29.8% of failures are precipitated by current are sparked by owner's death founder's death 8) LACK Most family businesses an ownership plan Only 29% have complete estate plans 9. Family businesses struggle with NON- FAMILY recruitment Named TOP CONCERN by surveyed owners 10 HELP The Family Business Institute can companies thrive Estate/ Recruitment help Conflict resolution/ transition planning family governance INFOGRAPHIC PROVIDED BY FAMILY BUSINESS LINSTITUTE Sources: -you-may-not-know-about-family-businesses.html

10 Surprising Facts about Family Businesses

shared by BrittSE on Feb 28
34% of family-owned businesses want to name a woman as the next CEO of their company. This infographic provides more information about family businesses and how resources like the Family Business Inst...


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