Holtz speaks at Virginia Commonwealth University Family Business Forum
Only 12 percent of family businesses survive to a third generation. Only four percent make it to a fourth generation.
There are many reasons why a family business doesn’t continue, says Sam Davis III, director of the VCU Family Business Forum, an organization that seeks to support family ventures by providing educational and networking opportunities. Last year Rick Holtz of H.J. Holtz & Son spoke on being the 3rd generation owner of his family's business.