Happy New Year
1 minute
As we welcome the new year, we extend our warmest wishes for a prosperous and successful year ahead. Thank you for your continued partnership and trust.
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Researcher James Grubman wrote in the periodical Globe Law and Business about a cliché we have all heard: “Shirtsleeves to shirtsleeves in three generations.” He analyzes the academic pursuits which attempted to quantify this phenomenon and has some interesting observations. Is it true? Do successful entrepreneurial enterprises really rise and fall so predictably over a lifespan of just three generations?
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In January of 2025, Brown Brothers Harriman, an investment bank, produced their “Private Business Owner Survey.” They interviewed 400 private business owners who own firms generating between $50 million to over $1 billion. That revenue range is almost a perfect overlap with our members, so that makes their findings even more compelling. You’re not going to believe what they found!
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