Six-Generation Maryland Business Keeps on Shipping
The Loane Bros., currently headquartered in Towson, Maryland, started in 1815 as a maker of canvas sails for clipper ships. When the steamship made sails obsolete, Loane made the adjustment to manufacture awnings, and has today added tents to their offerings.

It’s Time to Play – The Family Feud!
Separation of one’s personal and business lives becomes even more critical in a family business – keep it about business when at work.

It’s Five Years From Now – Do You Know Where Your Succession Plan Is?
In five years, approximately 40% of US family businesses will be passing the reigns to the next generation. Over 50% of CEOs retiring in the next five years have not chosen their replacement.

What Do Family Business Owners Want to Happen When They Leave the Business?

• Keep It in the Family 46%
• Sell All of It 10%
• Sell Part of It 5%
• Take It Public 5%
• Unsure 34%

The Unwritten Strategies of the Family Business
Although approximately 95% of family business respondents advised that they manage their business like any other, far fewer (56%) have a written strategic plan, and even less (30%) have a written succession plan.

The Vows of Family Business – For Better and For Worse
There are 1.2 million husband and wife teams running businesses in the US.

There’s Nothing Gross About This Family Business Statistic
Family-owned businesses generate 64% of the US gross domestic product.

Talkin’ Bout My Generation – Making it to the Second Generation
Over 50% of family businesses do not make it to a second generation.