58 % are first generation, 31 % are second generation and 11 % are third to fifth generation.
47 % are tertiary qualified, 91 % are married and 11 % are female
27 % are wholesale / retail, 24 % are in manufacturing, 11% are construction and 4 % are technology based.
The average age of family business owners is 55 years and …
61 % would seriously consider selling if approached 31 % do not have an adequately funded retirement program.
Tags: Entrepreneurship, Family Business, Succession Planning
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