WHAT WE DO
A nonprofit 501 (c) (3) organization dedicated to the success of family-owned
businesses in the state of Maine. We define a family business wherein one owner
either shares ownership or works in the business with at least one other family
member contemporaneously or overtime.
Get in touch 207-798-2667 catherine@fambusiness.org www.fambusiness.org
MAINE MADE
Family-owned businesses
make up 80% of Maine
businesses, 80-90%
throughout the U.S.
WH THE OÜ ATTEÝ
GDP & WORKFORCE
Create 70-90% of GDP globally
annually. Employ 62% of U.S.
workforce.
EXIT STRATEGY
96% of business owners agree
it's important to have an exit
strategy. Only 13% have a plan
that is current and written.
TRANSITION
There is a 30 / 13 / 3 % chance a
family-owned business will pass
from the 1st to the 4th generation.
IFOB board members
WHO WE AE
Associate
Partners
33.1%
Fam Biz above
$5M
24.4%
Fam Biz less than
500K
20.5%
Fam Biz $1 -
$5M
13.4%
Fam Biz 500K -
1M
8.7%
0 5 1
0
1
5
2
0
Realtors
Media
Attorneys
Insurance
Banks
Marketing, Advertising, PR
Financial Services
Accountants
Coaching & Consulting
