Australia

Details

  • Service: Private Enterprise, Private Companies, Accounting, Audit, Business Advisory, Corporate Services, Tax, Transaction Services, Family Business, Family Advisory, Governance, Succession Planning
  • Type: Survey report
  • Date: 17/09/2013

Family Business Survey 2013

Family Business Survey 2013
This biennial survey offers valuable insights into some of the main issues facing the family business sector.

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Family Business Survey 2013: full report 

Featuring responses from nearly 600 family businesses throughout Australia, the 2013 Family Business Survey proves that the entrepreneurial spirit is alive and well.
Family Business Survey 2013 cover
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Produced in collaboration with Family Business Australia and the University of Adelaide's Family Business Education and Research Group (FBERG).

Showcasing how family businesses address governance, succession and exit, the survey also looks at how being a family business helps weather economic storms, and why they feel values, commitment and communication help them outperform their key competitors.

 

Key findings

  • The majority of family firms felt they outperformed their key competitors in a range of areas.
  • Forty percent of respondents stated they had experienced no conflict within the business over the last 12 months.
  • ‘Balancing of family and business issues’ was seen to be the biggest challenge.
  • Family values have a major impact on how the business is operated.
  • Only around a third of family businesses considered themselves exit or succession ready.
  • Thirty six percent of family businesses have no explicit unifying strategy for the future of the business.


Video: Family business survey key findings

Video: Family business survey key findings animation
This animated infographic provides a fascinating snapshot of the Family Business Survey 2013's key findings.
 
 

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