Family firms need four relatives of all ages to thrive, study finds

Family firms need four relatives of all ages to thrive, study finds

Family-run businesses say they need four relatives on average – across different age groups – to thrive and survive.

Family firms need four generations to thrive, says study

Family-run businesses say they need four relatives on average – across different age groups – to thrive and survive. A poll of nearly 1,200 family business owners found 82 per cent believe intergenerational collaboration is key to growth. Dragons’ Den investor Deborah Meaden, partnered with Smart Energy GB, for the studyBBC Those polled believe the most common essential qualities older generations bring to their businesses are work ethic (48 per…

The family firm that is part of Exeter’s landscape

Chrissy Harris pays a visit to the family-run flooring firm that’s been quietly getting on with business for more than 150 years