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ARTICLE · 13 JUNE 2013

PwC-BOV Family Business Forum: Planning For Continuity

Family businesses are business enterprises - small or large - that are controlled and run by one or more family members.

MaltaStrategy
David Valenzia
David Valenzia

Family businesses are business enterprises - small or large - that are controlled and run by one or more family members. They are different from other types of businesses due to the existence of real relationships rather than pure business relationships.

Family businesses account for more than 50% of the world's economy.

They are a major contributor to the Maltese economy.

The PwC Family Business Survey 2012/2013

We interviewed 100 Maltese family businesses generating a minimum of $5m turnover p.a. and talked to some of the longer established businesses.

Family businesses have experienced growth in the last year and are positive about the future

Human resource availability tops the list of internal challenges faced by family businesses

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