Family-owned enterprises make up over half of all businesses in the U.S. which makes them the most common form of business. Those businesses generate about 65% of our country’s GDP and account for almost 70% of total U.S. employment.
And we’re not just talking about small mom and pop companies either: almost 40% of Fortune 500 companies are family owned. At the same time, the competitive nature of today’s business environment has never been more difficult; while the world of families never more complex. Our next guest says when you put the two together, the complexity grows exponentially.
Mike Switzer interviews Ron Reece, a family business consulting psychologist in Greenville, SC.
