An Invitation to West Michigan Family-Owned Businesses
Why become a member?
Family-owned businesses comprise 80% to 90% of all business enterprises in North America, contribute 64% of the GDP, and employ 62% of the U.S. workforce "prevalence".1 Leaders in job creation, innovation, and in providing stable employment opportunities, family-owned businesses tend to:
They are specialists in building, maintaining, and managing a core culture of values.
Yet, two-thirds of all family-owned businesses will not survive into the second generation. Only 12% percent will still be viable into the third generation, and only 3% of all family businesses will be operating at the fourth-generation level and beyond.
Families who own businesses face unique challenges. Membership in the FBA offers the opportunity to find the knowledge, skills and resources needed to meet and master those challenges.
Whether you are passionate about the success of a particular family-owned firm, or the sector as a whole, we invite you to consider joining our efforts.
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