Such a fantastic time was had yesterday at the 2015 Orange County Business Journal’s Family Owned Business Awards. Chelsey and I have an affinity not only with small business owners but with family-owned businesses, as well, probably because our father has owned his own business since the early 1990s.
According to the Conway Center for Family Business, family-owned businesses account for 50% of the U.S. gross domestic product and makeup approximately 80% of all business enterprise. The 2015 Edelman TrustBarometer study found that consumers trust family businesses 30% more than they trust large corporations (at least in the industrialized world). (more…)