80% of family firms eye growth

Nearly 80% of family -owned businesses anticipate sales growth and business expansion over the next five years, according to a new survey.

The study, undertaken by professional services giant PricewaterhouseCoopers (PwC) said while 35% of family-run companies suffered a sales decline in the past year (compared to just 19% on a global basis), 77% are forecasting sales growth over the next five years, despite continued economic pressures.

The latter percentage is in line with the global trend among such companies.