The COVID-19 crisis represents many immediate and long-term concerns for family businesses.
Using survey data from two recent studies, we will explore the 2020 Family Enterprise USA Owners Survey, as well as more recent ownership intel collected by Banyan Global.
The 2020 Family Enterprise USA Survey is particularly important given that we are in the midst of an historic election year. As well, the FEUSA survey offers longitudinal data, having been collected annually since 2013. Banyan Global, a family business advisory firm located in Boston, Massachusetts, has been sampling business owners across the globe since early March to take the pulse of family businesses and gather practical advice for managing through this stage of the crisis.