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Up and Coming

Family Owned Business

When most people think of a family-owned business, they think of "Mom and Pop" operations.  It might surprise you to know that 37 percent of the Fortune 500 companies are family-owned businesses and represent the fastest growing sector of the economy.  This means that some of the very largest and best-known companies are family-owned -- companies such as Wal-Mart Stores, Ford Motor Co., Cargill, Inc., Koch Industries, Motorola, Viacom, Weyerhaeuser Co., Bectel Group, Gap, General Dynamics, Huntsman Corp. and many more.

 

Tip provided by the Salt Lake Small Business Development Center. Call 801-957-3485 or visit  www.saltlakesbdc.com for an appointment.

 

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