A group of researchers associated with Family Firm Institute (www.ffi.org) are revisting the assumptions regarding survival of family-owned business. The unchallenged statistical standard is that 30% of firms survive through the 1st generation, 13% through the 2nd and only 3% through the 3rd. Little is known about the accuacy of these figures. That is about to change. To accomplish the task at hand, the researchers need help from family-owned business. They are asking for the highest ranking member within the business to complete a survey. That survey is located at www.LongevityStudy.org.
Please feel free to pass this website along to other families. If you have any questions please contact Kay Abramowitz at Ater Wynne.
