According to Conway Center for Family Business, Family businesses are the backbone of the American economy, consisting of 64% of the gross domestic product (GDP), employing 62% of the workforce, and responsible for 78% of all new hires.

Family owned and operated businesses are less likely to fire employees regardless of financial performance.

See interview with :

https://www.npr.org/2017/08/07/531097687/five-guys-jerry-murrell