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Survive and Thrive
Family companies account for more than half of all publicly traded companies in the U.S. and two thirds of all businesses around the world. Successful family businesses are an ecosystem that underpins the global economy and one that is set to grow even more important and influential in the years ahead.
Despite their success and significance, family-owned companies also face a unique set of challenges over the long term. Wealth built and maintained in the first and second generations of a family business, for example, often declines significantly or entirely in the third.