Family Businesses Are Bright Spot in American Economy
- Topics:
- Competitive Strategy
- Source:
- Youngstown Publishing Company
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Overview: Article is about the family owned business, shows robust growth in American economy. It presents the facts deduced by the survey that a mean revenues from family- owned firms have grown to $36.5 million, up more than 50%. While most business and economic news over the last year has been bleak, the picture for family-owned and family-run enterprises appears much brighter. The key findings of the survey include : Family-business leaders share a positive outlook. More than 60% of respondents say they are "very" optimistic about their company's prospects. In the next year, 48% expect sales-revenue growth of at least 6%, and more than half expect staffing increases of up to 5%. Debt remains comfortably low. More than 25% of survey respondents report no debt other than trade payables, and another 30% have moderate debt levels, in the range of 1% to 25% of equity.
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Format: HTML | Date: Feb 2003 | Pages: 1
