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NATIONWIDE SURVEY FINDS SMALL-BUSINESS OWNERS ARE KEEPING IT ALL IN THE FAMILY -- WITH ONE EXCEPTION

 NATIONWIDE SURVEY FINDS SMALL-BUSINESS OWNERS
 ARE KEEPING IT ALL IN THE FAMILY -- WITH ONE EXCEPTION
 DETROIT, Aug. 6 /PRNewswire/ -- Who works in the family business? A Gallup survey of small- to middle-market business owners found that in most cases, it's not the "in-laws."
 According to the nationwide survey commissioned by Arthur Andersen's Enterprise Group and the National Small Business United (NSBU), the majority (63 percent) of all small businesses in the U.S. described themselves as family businesses. Of those, 40 percent include the spouse, 37 percent include the children, 17 percent include the parents, 12 percent include siblings -- but only 3 percent include the in-laws.
 "Family-owned businesses face a unique set of problems," said John Galles, executive vice president of the NSBU.
 "These can range from personality conflicts to tax compliance. It is critical to define various family members' roles within the organization and keep family issues separate from company business."
 According to the survey, 73 percent of the nation's family-business owners say they are not concerned about succession. Of the 25 percent who are concerned, one-third (35 percent) say identifying a successor is a top priority; nearly another third (31 percent) say training family members is a major concern.
 According to Tom Drake, director of Arthur Andersen's Family Wealth Planning Group in Detroit, "Succession planning is critical to the long- term viability of the family-owned business. Business owners must develop succession programs whereby both the objectives of the family and the needs of the business are met."
 Arthur Andersen's Enterprise Group specializes in providing business consulting, audit and tax services to small and middle-market businesses. It is comprised of a distinct group of professionals specially trained and devoted full-time to meeting the needs of the closely held company. The Enterprise Group is part of the Arthur Andersen Worldwide Organization, a leading provider of professional services with more than 80,000 clients served in more than 300 offices in 67 countries.
 National Small Business United is a private, non-profit association representing small-business owners in each of the 50 states. Its total membership surpasses 60,000 from virtually all service and industrial sectors. NSBU takes a bi-partisan approach to working with members of Congress and other elected officials to improve the economic climate for small-business survival and growth.
 -0- 8/6/92
 /NOTE: The following provides information on the survey:
 THE SURVEY
 Findings
 In addition to the findings reported in the news release, other key findings include:
 -- Fastest-growing small businesses
 -- Banking issues facing small business
 -- Investment tax credit restoration
 -- Top challenges for growth/survival
 -- Issues facing family-owned small businesses
 Methodology
 In March 1992, Arthur Andersen's Enterprise Group and National Small Business United (NSBU) contracted with the Gallup Organization, Inc. of Princeton, N.J., to conduct a national research survey of small and middle-market companies.
 A mail survey was used to gather data for this project. Surveys were mailed to a total of 6,000 small businesses. In order to learn more about the different segments within the small-business population, the mailing was divided so that 2,000 surveys were sent to each of the following groups: businesses with one-20 employees, businesses with 21- 100 employees, and businesses with 101-500 employees. Six hundred thirty-four completed and usable surveys were returned to the Gallup Organization by late June 1992.
 To ensure that the results represented a proper distribution by company size, the results were weighted using information from CACI Marketing Systems of Arlington, Va. CACI Marketing Systems uses the Bureau of Economic Analysis and County Business Patterns, cross- referencing the information with Dun's Marketing Services.
 Results Booklet
 Media representatives who would like to order the survey results booklet, "Survey Results of Small and Middle-Market Businesses: Attitudes, Issues, and Outlook," should contact Doug Armstrong at 312-507-2147.
 CONTACT: Mary Guregian Jenkins of Arthur Andersen, 313-596-7875; or Marcia Bradford of NSBU, 202-293-8830/ CO: Arthur Andersen's Enterprise Group; National Small Business United ST: Michigan IN: FIN SU: ECO


JG -- DE002 -- 7426 08/06/92 08:55 EDT
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Date:Aug 6, 1992
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