working in a family business

Family Business Matters

3 Minute Read

The family business is as American as apple pie and the Fourth of July parade. Companies such as Ford, Marriott and Wal-Mart are only a handful of family-owned, corporate giants that come to mind. And although there are more than 100 million family businesses in the United States, only about 30% of family businesses survive to the 2nd generation, and 12% to the third.

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Where do I fit in?

4 Minute Read

Non-Family Members in the Family Business

As you may know, Revela is a family business. Our founder, Wayne Nielsen, started this business (among other companies) so that it would be around for his grandchildren’s grandchildren. We’re a smaller family business, but we do business across the United States. Family businesses come in all sizes. We work with a few in different industries: banking, manufacturing and distributing, transportation, and other business services.

Family business owners often contemplate who will take over the business when they retire. Revela is now owned by Wayne’s daughter, Andrea Fredrickson. Actually, many owners consider their family members as first options. Leadership teams may consist of spouses, siblings, children, cousins, etc. All the same people that sit around the table at Thanksgiving dinner. But as a non-family member in a family business, sometimes you have to wonder… Where do I fit in?

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