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- 60% of family firms intend to expand in the next 12 months
- 95% are confident they can compete effectively with their sector market leaders
- But nearly half still don’t have a succession plan
- And vast majority with access to capital would have to borrow the money if needed
Family firms around the world are confident about their future prospects, but many aren’t doing enough to prepare themselves for the years ahead. Nearly half still don’t have a succession plan and of those that do, only 50% have decided who will take over the top job. These are just some of the findings of a survey of more than 1,600 family business executives in 35 countries conducted by PwC. Although a surprisingly large number of family firms have seen demand for their...
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