New Business Trends Family Business

BizAssist.co.za has identified a marked increase in the number of family-owned businesses in South Africa. We aim to deliver content, news and events that will enable family-run businesses to prosper.

Think of successful family businesses and the likes of Raymond Ackerman and Anton Rupert come to mind. But even though family business makes up 50% of the economic growth of South Africa, few have managed to stay in business as long as these icons have. Statistics reveal that only 30% of family businesses succeed in handing over the reigns to the next generation.

new business trends family business
Surviving in a Family Owned Small Business

Family-owned small businesses have their own unique circumstances. It is important to follow certain guidelines when dealing with family members--for the sake of your business.

You ...read more
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Selling Your Family Business? Get Ready - Get Set - Go!

Deciding whether or not to sell the family business can be a much more difficult decision than the decision initially made to invest time, effort, and ...read more
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Family Businesses suffer due to lack of planning

According to a survey done by PricewaterhouseCoopers, Family firms are the most common form of business structure in the world, but many face difficulties within their ...read more
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Don’t overlook the importance of retirement and estate planning in your business

“Small business owners generally struggle to successfully pass their businesses on to successors largely due to inadequate retirement and estate planning - two crucial elements in ...read more
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Other Related Articles:

• Family business – South Africa’s most important small business resource
• Selling Your Family Business? Get Ready - Get Set - Go!
• Succession planning is critical to the future survival of family businesses
• Don’t overlook the importance of retirement and estate planning in your business
• Family Businesses suffer due to lack of planning
• Step warily when working for the family
• Unique characteristics of family-owned businesses
• Surviving in a Family Owned Small Business
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Changes in lifestyle - be it traffic and transport costs, crime, family pressures such as single-parenting for example; coupled with the support of technological innovation such as cellular phones, internet services, portable and wireless computing, have, and continue to boost this vibrant sector of the economy. SA Guide to Working from Home is your "one-stop guide" to running your home business and office successfully.

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Family Business – South Africa's Most Important Small Business Resource

Statistics reveal that only 30% of family businesses succeed in handing over the reigns to the next generation.

Step Warily When Working for the Family

In many cases, family businesses look to outsiders to bring to the company expertise not available in the family.

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