The Family Business Council :: Cal State Fullerton

Mike Trueblood

Director

Welcome to the Family Business Council website. Here you will find information that we hope will enhance your family business. The Family Business Council is located within the College of Business and Economics, Cal State Fullerton.

The Council takes pride in our association with Family Businesses. Our mission is to promote the success and continuity of the family-owned business and harmony among its shareholders. Let me share some interesting facts with you.

The greatest part of the America’s wealth lies within family–owned businesses. Family firms comprise 80% to 90% of all business enterprises in North America.(J.H. Astrachan and M.C. Shanker, Family Businesses’ Contribution to the US Economy: A Closer Look,” Family Business Review, September 2003)
With 80% to 90% of the American businesses family owned you can see you are not alone dealing with the issues that face family-owned business. Through our monthly half-day workshops we address those concerns, with experts in many different fields. Go to our event page to see the upcoming workshops and yearly calendar of events.

More than 30% of all family-owned businesses survive into the second generation. Twelve percent will still be viable into the third, with 3% of all family businesses operating at the fourth-generation level and beyond. (Joseph Astrachan, Ph.D.)

The leadership of 39% of family-owned business will have changed hands in the next five years. (Raymond Institute/Mass Mutual, American Family Business Survey, 2003)
We encourage all members of the family business to be involved. Second generation take an active role at our workshops interacting with others. The Family Business Council will continue to offer next generation affinity groups along with CEO and Women Affinity Groups. (Peer to Peer group meetings) See our affinity Groups and read more about them.

19% of family businesses have not yet competed any estate planning other than writing a will: only 37% have written strategies plan and over 60% are very positive about their company’s future. (Raymond Institute/ MassMutual, American Family Business Survey, 2003)
The Family Business Council has significant resources to help make the succession planning process one that is smooth, knowing for some this is a difficult and sometimes painful transition. Through our workshops and the support of our partners that stand ready to assist in any way. See our “partners” as they exemplify the “Best of the Best” in Southern California.

Take advantage of one of Orange County’s most hidden treasure? The support and fellowship you will find here at the Family Business Council. Plan now to attend one of our workshops as our guest by going to contact us on the home page. Meet the members, visit with our partners. I welcome the opportunity to come to your business and discuss the needs of your family business and how we might help you.

Mike Trueblood