Brown's Letters Inc. Family-owned businesses represent the backbone of American commerce. Yet, operating a successful family business means bucking the odds. Fewer than one of every three family-owned businesses survive through the second generation. And less than 1 in 10 make it to the third generation. For a family owned and operated business, the business can become the overriding focus of the family's life, often taking on a life of its own.
Every conversation begins and ends with it.
Yet, the real issues involving your company's future growth and prosperity may become clouded because of the emotions invoked among partners or between generations. To help you focus better on those areas critical to your company's future and adapt effectively to change, we designed The Family Business Retreat . The retreat helps bring perspective to a group of people whose thinking may have become unfocused for one of any number of reasons. Our goal as both CPAs and small business consultants is to get you to work more effectively as a team. This is the first step in helping you identify the underlying reasons why the company is not performing as well as it could and then discover the appropriate solutions.