Saturday 3 December 2016

Family businesses underperform rivals - survey

Published 22/10/2015 | 08:13

Less than one in five family businesses forecast hiring workers
Less than one in five family businesses forecast hiring workers

Irish family businesses aren't performing at the level of rival non-family owned enterprises, according to a new survey.

  • Go To

A BDO survey of 350 Irish businesses found that while 46pc of family companies expected business activity to increase in the third quarter, more than half of non-family companies expected to see a rise in the same period.

Similarly just 19pc of family businesses forecast hiring extra workers in the third quarter, compared to 27pc of non-family businesses who expect staffing levels to increase.

Almost four in ten family businesses anticipated a rise in operating profit during the third quarter, compared to 52pc of non-family businesses.

Online Editors

Read More

Promoted articles

Editors Choice

Also in Business