Family businesses have traits to survive

The stock market has tanked. Retirement funds are even worse. Things look bad, but there is a bright side for family firms. Resiliency, optimism and a penchant for long-term strategies have been identified as characteristics of family firms for decades. These are attributes that can assist family firms in the current situation – and the stability of family firms in the short run will have an effect on the worldwide economic picture over the long haul.More

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