Dr. Dale Caldwell explains why family business remains America’s economic backbone and why it profits us to address their unique needs.
Business is the pillar of our economy. The family stands strong as the backbone of our society. Together, they form the institution of family business – the old reliable that keeps us all afloat. In the U.S., family firms provide nearly two thirds of the jobs, 57 percent of the GDP, and the majority of our community leaders. Dr. Dale Caldwell, Executive Director of the Rothman Institute of Innovation & Entrepreneurship, joins host Bart Jackson to show how government and investors neglect them, and other corporations see them only as merger fodder. Dale explains the specific advantages that major family-held companies, (Oracle, Berkshire Hathaway, Volkswagen, Koch Industries) possess over other comparatively sized firms. Further, Dale details both the challenges and profitable perspectives of the small family-held firms. Tune in and learn the perks and problems of working all in the family.