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Did you know?
There are 5.5 million family businesses in the United States.They form the foundation of the U.S. economy and typically create up to 64 percent of the nation’s gross domestic product. These businesses foster 36 percent of all employment and ring up 40 to 46 percent of all sales annually, according to the U.S. Census Bureau and the nonprofit Conway Center for Family Business.
34 percent of S&P 500 are family owned business like Ford and Lowes.
85 percent of start-ups worldwide are established with family money. The average life span of family business is about 24 years.