Family-owned business are small businesses owned by the family. That is, they tend to be run by various family members, and are usually continued by children or other family members when parents or grandparents become too old to continue.
In the US, almost 20% of all small businesses are family-run. That amounts to close to 6 million companies. They employ a significant proportion of people in the country.
Family-owned businesses have a number of unique challenges. They often struggle with the transition to new generations, and can struggle to find people to continue the business when the owners retire.
This infographic by Score shows a number of the unique challenges and insights that family-owned businesses face.Automation Software Accounting Software CRM Software Project Management Software Team Collaboration Software Corporate Marketing Sales Small Business Knack articles Knack knowledgebase Top 5 customer service challengescustomer serviceinfographicCRMTop 4 sales tips for small businesssmall businesssalesWorking remotely is the new normal for 2021accounting softwarecloud softwareproductivityProjects and tasks · CalendarGetting started · Floating navigationProspects and clients · Prospects Online CPD Courses Psychology Online CPD Courses Marketing analytics software Marketing analytics software for small business Gearbox repairs, johannesburg Makeup artist, johannesburg