At least 70 percent of the world’s GDP is attributed to a family-owned business. Some estimates place this as high as 90 percent.
In America, there has been an ongoing trend to support family businesses. The pattern is based on a great idea, but the facts are a little skewed.
The new trend focuses on small local businesses. Small businesses are those family-owned operations most in need of support. But, it’s essential to understand the real facts creating the whole picture.
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