What to Do When Your Family Is a Business: Advice From a Growth Strategist - Word In Black

The Financial Journey is a unique series focused on financial education and opportunities. These stories have been created through a strategic partnership between Wells Fargo and Word In Black.

Some of the most well largest businesses in the United States started out centuries ago as an idea between family members. Family businesses born out of necessity and ingenuity have helped shape the U.S. economy for centuries. They influence major industries – even the mom and pop entities with few employees. According to the U.S. Chamber of Commerce, the economy is made up of. In 2021, the number of business applications reached a record 5.4 million.

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