The Fall Family Business Consortium, hosted at the Busch School of Business, brought together family-owned business leaders, students, and experts for a day of rich discussions, learning, and networking. The event underscored the critical role family businesses play in the U.S. economy while offering invaluable insights into navigating the unique challenges and opportunities these enterprises face. It provided a platform for family business owners and aspiring entrepreneurs to engage with one another, share stories, and learn about best practices in an environment deeply rooted in ethical and sustainable business models.
The consortium's agenda was packed with keynote addresses, panel discussions, and interactive workshops, each focusing on a key theme relevant to family businesses. Topics covered ranged from succession planning and governance to innovation in family enterprises and navigating generational differences. In addition to the structured panels, one of the most valuable aspects of the Fall Family Business Consortium was the opportunity for business owners to network with peers and alumni.
Family businesses are the backbone of the U.S. economy, accounting for approximately 64% of GDP and employing 60% of the workforce. The consortium highlighted the role that these enterprises play in economic terms and in terms of social responsibility. Through a combination of ethical leadership and personal accountability, family businesses are uniquely positioned to contribute to a more sustainable and humane economy—and the Busch School of Business remains at the forefront of this important conversation.