“Do you remember these businesses?” a trending post asks on Facebook as readers reminisce about popular South Florida mainstays that went the way of the dinosaurs. Sustaining a business for the long haul can be daunting, and the statistics for family businesses are not particularly optimistic. “About 30 percent of all family-owned businesses survive into the second generation. Twelve percent will still be viable into the third generation, with only three percent of all family businesses operating at the fourth-generation level and beyond,” according to the Conway Center for Family Business. Yet as South Florida has grown and matured, there […]
-Read MoreLegacy Family Businesses Build Community
- Shelly Pond
- 3 Apr 2018
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