Leader Letters are monthly letters from the Maintex Leadership team. This month, Maintex President Linda Silverman discusses what it means to run a family business.
While it can sometimes feel like large corporations are the dominant force in business today, successful family businesses remain a mainstay of the U.S. economy. The Conway Center for Business reports that family businesses represent 62% of the country’s employment and account for 78% of all new job creation. However, it also notes that fewer than 10% of family businesses survive through three generations.