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Do family-run businesses have better survival rates?

Postby kat82 » 11 Sep 2025, 08:09

Families often support each other in hard times. But conflicts can also arise. Do you think family businesses are stronger?
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Re: Do family-run businesses have better survival rates?

Postby Netherrealmer » 12 Sep 2025, 02:19

It depends on the kind of family business it is. Because in Singapore, those mini restaurants or hawkers are dying because the children of the stall owners do not want to continue the businesses because they want to pursue something else. And because Singapore is a rich country, a lot of the kids are not motivated to continue their parents' business.
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Re: Do family-run businesses have better survival rates?

Postby kat82 » 14 Sep 2025, 05:34

I grew up knowing that a family run business has lots of survival rate since family members focus on the business rather than personal gains. And that would mean anyone involved doing the best to make sure the business makes much progress. But now about many not wanting to continue such means serious problems.
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Re: Do family-run businesses have better survival rates?

Postby ptrikha21 » 14 Sep 2025, 14:12

If people in the family can stay together and be cooperative with each other then the family business can run successfully.
However, if there are too many rifts, then we can see spice for those Family Sops where there are games and conspiracies going on.
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Re: Do family-run businesses have better survival rates?

Postby Netherrealmer » 16 Sep 2025, 15:00

kat82 wrote:But now about many not wanting to continue such means serious problems.
Usually, if your son and daughter pursued a course on college that has nothing to do with the business, they're not going to continue the business. They're going to continue the course that they finished.
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Re: Do family-run businesses have better survival rates?

Postby mrki444 » 16 Sep 2025, 16:35

In Germany kids don't want run family business anymore and parents don't want sell it to others. Kids don't want work 12 hours per day and be available all time. They want more free time and life balance.
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Re: Do family-run businesses have better survival rates?

Postby kat82 » 17 Sep 2025, 04:20

Looks like family ran businesses survive because the real owners are running them. But when old age kicks in and owners are no longer able to work, then chances of survival looks low. Differences in ways of how to live and other I think affect this.
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Re: Do family-run businesses have better survival rates?

Postby eldavis » 17 Sep 2025, 07:04

At the end of the day, it does not matter if it is family based or not, it mostly depends on who is running it.
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Re: Do family-run businesses have better survival rates?

Postby kat82 » 18 Sep 2025, 05:14

eldavis wrote:At the end of the day, it does not matter if it is family based or not, it mostly depends on who is running it.
True, who is running and willing to run the business including how he or she runs it matters most. I get you clear.
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Re: Do family-run businesses have better survival rates?

Postby Netherrealmer » 20 Sep 2025, 03:15

kat82 wrote:Looks like family ran businesses survive because the real owners are running them. But when old age kicks in and owners are no longer able to work, then chances of survival looks low. Differences in ways of how to live and other I think affect this.
It depends on their children. For example, if they own a restaurant and one of their son or daughter is passionate about cooking, the restaurant will live on. But if their son is an engineer and their daughter is a doctor, rest in peace to the business.
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Re: Do family-run businesses have better survival rates?

Postby kat82 » 21 Sep 2025, 07:00

Netherrealmer wrote:
kat82 wrote:Looks like family ran businesses survive because the real owners are running them. But when old age kicks in and owners are no longer able to work, then chances of survival looks low. Differences in ways of how to live and other I think affect this.
It depends on their children. For example, if they own a restaurant and one of their son or daughter is passionate about cooking, the restaurant will live on. But if their son is an engineer and their daughter is a doctor, rest in peace to the business.
True. And also the location can matter where the business is. If son or daughter lives in town and the business is in village, another RIP.
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Re: Do family-run businesses have better survival rates?

Postby Netherrealmer » 21 Sep 2025, 09:53

If your son and daughter do not want to continue your business, maybe there is a nephew or niece who will want to, or maybe there is a son-in-law or daughter-in-law who will want to.
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Re: Do family-run businesses have better survival rates?

Postby kat82 » 22 Sep 2025, 02:57

That's true. I had forgotten the fact the those too are part of the family.
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