What's so special about family business? Business is business is business, right? Isn't any business better than no business -- no matter the size, family-held or not? Do family businesses impact a local economy?
In every measure that's significant -- from return on assets to profitability and from sales growth to return on equity -- family firms outperform non-family firms in the long run. Communities interested in preserving and growing their economies need to know that the engine of job creation and prosperity begins with family-owned firms. They play a vital part in any sustainable economy.