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Getting a Family Business Owner to Work on Succession Planning

Many of us have heard family business statistics before, but they’re worth repeating. About 90% of American businesses are family firms.1 They range in size from small “mom-n-pop” businesses like Walmart, Ford and Marriott. There are more than 24.2 million family businesses in the United States, representing 64% of GDP and employing 62% of the American workforce.2 Thirty-five percent of businesses that are S&P . make up

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