Trends and Insights for Family Enterprises In 2018 and BeyondTrends and Insights for Family Enterprises In 2018 and Beyond

Current demographic trends point to a growing wave of sales and transitions of family-owned businesses over the next two decades. According to the Family Office Exchange (FOX) analysis of Headwaters¹ data, most business-owning families aren’t prepared for the expected transitions.²

• Thirty percent of private business owners are over 67 years old, not yet ready to retire and still actively running the business. In most cases, families are unprepared for a sudden or unexpected event.

• Only 31 percent of businesses provide education to prepare family members for transition to leadership.

• Two-thirds of businesses currently lack a written succession plan.

• Nearly half of businesses are operating in maturing industries, making them potential ...