Strong Growth Forecast for Canadian Family Businesses: 89% expect to grow over the next five years

TORONTO, Nov. 16, 2016 /CNW/ – Despite economic uncertainty, almost two thirds (64%) of family businesses have grown over the past year, according to the PwC 2016 Global Family Business Survey. While Canadian family businesses are confident about the future, the biggest concern on the minds of family business leaders is a lack of focus on strategic planning to ensure future growth. The majority (95%) of Canadian family businesses say that securing their long-term future is key to success in the next five years. However, most companies are too focused on day to day operational activities to plan for the future.

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