Becoming part of the family business might seem like a bit if a minefield bit with some careful thought and understanding who in the family is the right successor then you could go onto outperform your competitors. The heritage, loyalty and understanding of the market that gets past from generation to generations not something that can be bought, there are pitfalls that can trip you up but with the right strategy worth the effort
According to the research, family-owned mid-cap businesses have increased 345% globally in the past 10 years. This far outpaces the global mid-cap index during that time, which gained only 72%. Additionally, the value of family-owned businesses outperformed similar-sized competitors every region UBS analyzed including Asia, Europe, Latin America, and the US.