Family businesses remain optimistic in turbulent times

Sales growth reported by 84% of Irish family businesses outperforms 71% for global peers

Irish family businesses reported higher levels of sales growth in the last financial year compared to global peers — Ireland 84% v Global 71%. Picture: iStock

There are 173,000 family businesses in Ireland, employing nearly a million people — more than the State and foreign businesses combined.

Approximately seven out of ten Irish Businesses are family-owned, and contribute almost €19bn to the Exchequer.