By Admin There are startling national statistics that claim that almost seventy percent of all family businesses won’t survive into the second generation, only twelve percent will make it to the third generation and approximately three percent will make it to the fourth and beyond.
In Grand Rapids, Michigan (oftentimes referred to by family business consultants as the “Mecca for Family Businesses”) they don’t believe those statistics are accurate. Through family business events, community awareness and actively working to develop the next generation of family business leaders, they are kicking these statistics to the side with a firm, “Not on my watch!”
On April 16
Source: Fullerton Chamber of Commerce