FOBs account for more than 65% of all businesses in the world and are becoming more, net less, prevalent
-Harvard Business School, 2001
Over 20 million businesses in the U.S. – 92% of all U.S. business, are family businesses.
The preponderance of parents and, most of all, their children want Family Owned Businesses: Is there a more difficult type of business to run? their family business to continue to be held and run by the family. Continuity is a cherished values of the FOB culture…