Family Businesses Weather Economic Downturns
1 year ago
1
Several studies indicate that medium-to-large family businesses have success weathering economic downturns. Â
Their success is partially credited to multiple generations having the wisdom and experience to patiently ride out the ups and downs of many business cycles. The resulting levelheaded crisis management and long-term perspective support their ability to be patient, as does the foundational support of lower debt levels and lack of external shareholder pressure.
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#recession #inflation #protectlocal #smallbusiness #entrepreneurship #cashflow
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