Ernst & Young surveyed fast-growth companies on their long-term ownership plans. No one strategy dominated. Interestingly, companies that aimed to go public were generally less profitable than others.
"Which of the following best describes the long-term ownership plans for the business?"
GO PUBLIC 19%
REMAIN FAMILY-OWNED 18 AND -MANAGED
NO DEFINITE PLANS 14
BECOME MANAGEMENT- OR 14 EMPLOYEE-OWNED
SELL OR BE ACQUIRED 13
REMAIN FAMILY-OWNED BUT 6 PROFESSIONALLY MANAGED
OTHER (ALREADY PUBLIC, 16 CONFIDENTIAL, ETC.)
DATA: THE EWING MARION KAUFFMAN FOUNDATION/ERNST & YOUNG
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