Close Brothers Asset Management

Profitability Concerns Keep Family Business Owners Awake at Night

Profitability Concerns Keep Family Business Owners Awake at Night

40% of family business owners have said they are “being kept awake at night” over profitability concerns, in a report from Close Brothers Asset Management (CBAM) with Family Business United. Surveying family businesses, the research found that 40% worry about continuing to develop and remain profitable while 35% of family business owners said they worry about engaging and developing their business for the next generation. Issues around succession planning also accounted for 40% of these ‘worries’ with 39% of business owners concerned about future planning. While outside of their immediate control, 39% of family business owners said red tape, regulation and legislation was also a potential problem for them. Penny Lovell, head of private client services at Close Brothers Asset Ma... »