Family businesses do better when times are tough and less well when times are good!!

In conversation with Robert Davies from BanyanGlobal Family Business Advisors!!

We explored how family business are distinctly unique in comparison to public owned companies/ MNCs

1. Countries, economies and the world needs the family businesses.... its not an option.
2. Family businesses have local establishments and local roots.
3. They care a lot about their localities and communities.
4. Family business can be tiny and massive multi billion dollars business.
5. When MNCs buy family business, you loose something, the country losses something.
6. Family Business don't rush into making decision, overpaying for acquisitions, over promising and over building.
7. Family business are conscious, it is not only wealth but its the people who work for them.

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