10 Facts About The Family Owned Business:

• 80% of the world's businesses are family owned.
• Family-run businesses account for more than half of the nation’s gross domestic product.
• Nearly 35% of family-owned businesses are Fortune 500 and other large companies including Ford, Koch Industries, Cargill, Wal-Mart, Weyerhaeuser, Loews, and Ikea.
• Approximatley 60% of all public companies in the US are family controlled.
• Family-owned businesses account for 60% of total US employment, 78% of all new jobs, and 65% of all wages paid.
• Many family businesses were started after WWII.
• More than 25% of family firms expect the next CEO to be a woman.
• More than 30% of all family owned businesses survive into the second generation.

*Based on research we have conducted every year since 1985. See our RESEARCH page for more specifics.