The Worst and the Best Companies
Guest Blogger: Ellen Rohr
According to an American Management Service, Inc. survey compilation, http://www.amserv.com/familystatistics.html …
- Family businesses comprise 90 percent of all business enterprises in North America.
- Only 30% of family owned businesses survive to the second generation, 12% to the third, and 3% to the fourth.
- Of CEOs due to retire within 5 years, 55% have not yet chosen their replacement.
According to my experience, the best companies I know are family businesses and the worst companies are family businesses. When it works, you have aligned team members building on solid, functional, trusting relationships. … Read On!