- February 14, 2026
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The statistics about the longevity of family-owned businesses are quite sobering. Although 90% of all U.S. businesses are family owned, and they employ 60% of the workforce, most won't survive past the second generation. In past articles I have addressed some of the myriad reasons why this is the case. In my mind, of all of the challenges an owner of a family business faces, failing to engage trusted advisers is certainly close to the top.
