New Family Business Alliance leader discusses ongoing research, priorities – MiBiz: West Michigan Business News

With more than 150 member companies, the FBA’s mission is to ensure family-owned businesses in the region are passed down to future generations.

One is to seek greater impact for our current members, and we recently completed a survey understanding the needs of the membership, its demographics and how we can create greater value for members with the services we provide.

We know family business is such an integral part of the West Michigan business community and culture.

We’re putting on a joint event in April about avoiding the entitlement mentality.

Studies have shown 30 percent of businesses really only get to the second generation, and survival into the third generation is 12 percent.

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