Family businesses must undertake a comprehensive 360-degree review of their operations and succession plans to identify the most effective path forward.
Entrepreneurship is at the core of the economic growth and development of any country. It holds the potential of transforming economies through creation of employment opportunities, and payment of taxes among other positive aspects.
Family businesses form a substantial proportion of businesses across the world. According to the G500FB Index, in 2025, the 500 largest family businesses collectively generate $8.8 trillion in revenues and employ 25.1 million people worldwide. The report also noted that 84 percent of companies are older than 50 years and one-third are over 100 years old.
