Businesses are most commonly categorized according to their industry or market size. Much ink has been spilled on the challenges that are specific to startups or SMEs in contrast with larger companies. But a more telling characteristic of businesses worldwide lies in the intricacies of their ownership structures. Family businesses come in all shapes and sizes, from rural family farms to multinationals, and share many of the same challenges across industries. Today, on average, family businesses represent an estimated 70% of businesses around the world. These businesses account for up to 50% of global GDP and employ up to 70% of the workforce in most countries. Families are the primary source of new business financing, as 85% of firms start with some level of family backing.
(PRWeb October 26, 2015)
Read the full story at http://www.prweb.com/releases/2015/10/prweb13043929.htm
