The greatest part of America's wealth lies with family-owned businesses.
Succession planning is a growing issue for family businesses due to demographics.
Post-World War II entrepreneurs, who created the world's greatest wealth, are now reaching the age when they must decide how to pass on the wealth secured primarily in their family businesses. To address various issues and challenges, many family business owners are turning to family business forums, a form of continuing education programs designed for their needs. Currently, there are more than 150 family business forums around the world. Family business consulting is a growing profession in the U.S. and internationally with an estimated 1,100 consultants around the world. Consultants come from various disciplines including law, finance, management science, behavioral science and psychology.