Family businesses constitute between 80 and 98% of all businesses
in the world’s free economies, generate 49% of the GDP in the
U.S. and more than 75% in most other countries. They employ
80% of the U.S. workforce and more than 75% of the working
population globally, and created 86% of all new jobs in the U.S.
over the past decade. Despite their importance, only 30% of family businesses survive from the first to the second generation of
family ownership, only 12% survive from the second generation
to the third, and only 4% survive from the third generation to the
fourth