"What the studies say"
Price Waterhouse, Family Business Magazine, Family Firm Institute
and others state that thousands of family businesses go out of business every year. In 2016 over 950 Jewelry stores went out of business. Not long ago over 800 trucking firms went out of business in one year. Manufacturing, retail, construction etc. are all losing family businesses. Yes, some, a few, go bankrupt. A few are bought by inside or outside sources, but most seem to raise the white flag and just fade away.