Family-owned businesses are often celebrated for their contribution to the community and the global economy. They are often looked at as the backbone of society. For members of the family, these businesses serve as an example of the family’s values, strength, and ingenuity.
In the U.S., family-owned businesses employ 60% of the workforce and create 78% of all new jobs. Needless to say, family-owned businesses work together and create a legacy.
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from StartUp Mindset https://startupmindset.com/10-challenges-of-running-a-family-business/