Family businesses are the backbone of the American economy, accounting for 50 percent of the US gross domestic product. They are also responsible for 60 percent of the nation’s employment and 78 percent of new jobs created. With so much at stake, it is troubling to read the results of a CNBC Poll that found that only 20 percent of family-owned business owners had any succession plan in place to ensure a smooth management transition.
Sourced through Scoop.it from: amsolutions.net
Keen insight here. What’s Next for your family business? Contact EGS for a custom evaluation beginning with a courtesy consultation.