BizSugar.com › Management › The Biggest Mistakes Family Business Owners Make—and How To Avoid Them - Fundbox Blog

Most small businesses in the United States are family-owned. In fact, according to the Conway Center for Family Business, between 80 and 90 percent of all American businesses are family-owned, including approximately 35 percent of Fortune 500 companies (Walmart, for instance). The good news is family businesses account for 60 percent of U.S. employment and create 78 percent of new jobs. The bad news? Only about 30 percent of family-owned businesses survive into the second generation, 12 percent make it to the third and a mere 3 percent are still owned by the fourth generation.