Family businesses are the single largest demographic contributor to the American economy. Consider the following statistics:
• |
Comprise over 85% of all American businesses |
• |
Encompass over 50% of the labor force |
• |
Generate over 60% of the GNP |
Now consider these statistics:
• |
25% survive to the 2nd generation |
• |
13% survive to the 3rd generation |
• |
66% have no written strategic plan |
• |
33-50% of CEO's (depending on age) expecting to retire within the next 5 years have not chosen a successor |
Families and business are each complex entities. When those entities are combined in a family business the complexity increases dramatically. If those complexities are mastered, the family business can be a very powerful competitive force and a satisfying experience. If the complexities of the family business system are not understood and managed, the results can be disastrous for both the family and the business.
| Most Family Businesses want: |
Instead, They Often Have: |
| • Business prosperity |
• Under-performing businesses |
| • Family harmony |
• Unresolved conflicts |
| • Personal well-being |
• Ambiguity |
|
The professionals at Doud Hausner & Associates understand the dilemmas and difficult decisions inherent in family businesses. Decisions that seem best for the family may cause problems in the business. Conversely, the best business decisions may be difficult for some family members to accept. We help our clients achieve balance between the goals of business prosperity, family harmony and personal well-being.
Doud Hausner & Associates
approach is
" Turning Business VS. Family
into
Business AND Family "
|
