According to the U.S. Small Business Administration, family businesses comprise 90 percent of all business enterprises in North America, and 62 percent of total U.S. employment. Though some examples of imploding family businesses have been exaggerated by reality TV, running a business with a spouse, parents, siblings, children or other relatives does pose risks above and beyond those of non-family enterprises. Hold regular meetings to assess progress, share information, air differences and resolve disputes. According to the Family Business Institute, only 30 percent survive beyond the founder's generation and just 12 percent make it to a third.
Comment on Small-business Q&A: Family values can help ensure success
By Ron Consolino, Houston Chronicle: Business
Sun, 08/10/2014 - 12:20am
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