Family Business Survival: Understanding the Statistics

How is a family business like a starfish? The oft-quoted statistic that family businesses have a 30% generational survival rate has led some to think that family businesses are at a disadvantage compared to other kinds of businesses. This article by Craig E. Aronoff, Ph.D., the co-founder and principal consultant of The Family Business Consulting Group, Inc., challenges this notion and provides rewarding insights on the survival statistics for family-owned enterprises as well as some unexpected wisdom derived from starfish. Definitely worth a read.   Kennard Noyes focuses his practice on corporate finance, securities, mergers and acquisitions, and general corporate law. He represents clients in both transactional and regulatory matters, including debt and equity financings, mergers and acquisitions, and regulatory compliance issues. Ken can be reached at kennardnoyes@dwt.com, or directly at 206-757-8225.