Family businesses. It doesn’t matter what industry you’re in, the expression always carries cache.
Which isn’t to say there’s nothing special about operating a non-family business or corporation, not at all, it’s just that when one comes across a prosperous family business, it’s easy to be impressed.
Running a successful family business in today’s economy demands a level of respect and admiration.
It’s tough enough in this country to just get a business off the ground. Building a business from scratch that’s successful enough to pass on is an incredible accomplishment. And to pass it on to a family member who is able to keep the good thing going is even more impressive.
I’ve been encountering family businesses since I stepped into the aftermarket in January 2011. During that time, I’ve never not been impressed by the business acumen and skills displayed by family businesses in the aftermarket.
Family businesses are the backbone of this industry — and we have the data to prove it.
Over the last several weeks Truck Parts & Service has surveyed the aftermarket in hopes of establishing just how “family business” reliant this industry has become.
