According to the IFB (Institute of Family Business) over 50% of people employed in the UK in the private sector, are employed by family-owned businesses.
Family-owned businesses are widely considered as the bedrock of the UK economy. However whilst 60% of SMALL businesses are family-owned (10-49 employees), less than 20% of LARGE businesses (over 250 employees) are family-owned.
Family-owned businesses are often niche, masters in their class and create an employment environment built around family values as well as business values. People love working for family-businesses and many have extremely high levels of retention. Which can be good, but can also have consequences, particularly when scale-up growth occurs.
After growing up in a family-owned business, Mel Archbould, founder of Cloud-Busting has depth and breadth of knowledge and understanding about family dynamics in a family-owned business to confidently share, empathise and advise other SME family-owned businesses.
Have a family/business dilemma to work through? Need long-term support through the scale-up transition? Whether its problem solving assistance or long-term planning guidance, book a meeting to discuss how Mel can help your business.