According to the National Federation of Independent Businesses, more than 100,000 American businesses that have closed due to the COVID-19 pandemic will never reopen. What about the millions of family-run companies? Is their plight as sobering? The situation is less clear for this sector, which accounts for more than 57 percent of the US GNP.
What are the biggest challenges facing family business? What pitfalls and opportunities are unique to them? And how do family businesses weather the storm of the pandemic? Learn more now on Can Do.
In this episode, hear from three experts discussing the prospects for Main Street, family-owned and run businesses.
Michael Braun is a professor of strategy and entrepreneurship at the University of Montana, and founder of Venture Planet, which works with small business owners.
Emily Benson is an assistant professor of business management at Keene State College in New Hampshire, and a long-time family business career coach.
Michael Klein has specialized in the field of consulting psychology for the past 20 years. His book, Trapped in the Family Business, addresses the complexities of family-owned enterprises.
Listen now on Can Do.
