“Family-Owned Businesses & The Executive Search Consultant”
„Family-Owned Businesses & The Executive Search Consultant” is the title of the InterSearch article published in issue 37 of Search Consult magazine (www.search-consult.com).
Written by Patricia Epperlein – Chairwoman of InterSearch ww with the contributions of the InterSearch partners in Australia, Greece, India, Italy, USA the article shows the role of the Executive search consultant in how to professionalize a family-owned business, preparing for change and increasing awareness of the challenges.
- In the USA, 90% of businesses are family-owned. They contribute towards 40% of that nation’s GNP and pay approximately half of its total wages.
- 59% of France’s Top-500 industrial companies are family-owned.
- It is estimated that 70% to 85% of all businesses worldwide are family-owned.
The numbers are impressive. However, it is also estimated that 2 out of 3 of these businesses will at some point go out of business due to internal disputes among family members.