Family Business Survey 2012

Canadian key findings

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Key findings at a glance
Global survey details

Growth objectives over the next five years

Creating a lasting legacy
Canadian supplement to the 2012/13 Global Family Business Survey

 

 

 

 

 

 

Sales growth among Canadian family businesses is slightly lower than the global average, but outlook is positive
Although sales growth for Canadian family businesses lagged slightly below the global average over the past year, growth projections for the next five years surpass the global average.

Key challenges within the next five years

Creating a lasting legacy
Canadian supplement to the 2012/13 Global Family Business Survey

 

 

 

 

 

 

Challenges over the next five years include finding the right talent, competition and the economy
Key challenges for growth will be attracting the right skills and talent, competition (both price competition and the number of overall competitors), the economic situation and the need to innovate.

Perceptions of Canadian family businesses

Creating a lasting legacy
Canadian supplement to the 2012/13 Global Family Business Survey

 

 

 

 

 

 

Family businesses believe they play a vital role in the Canadian economy
Family businesses in Canada feel that they play a vital role in the country’s economy, including job creation and adding stability to a balanced economy

Perceptions of government and society

Creating a lasting legacy
Canadian supplement to the 2012/13 Global Family Business Survey

 

 

 

 

 

 

There is a feeling that government needs to do more to help family businesses
Although they believe government recognizes the importance of family businesses, they feel more needs to be done to help Canadian family businesses access financing.

Changes anticipated within the next five years

Creating a lasting legacy
Canadian supplement to the 2012/13 Global Family Business Survey

 

 

 

 

 

 

Just over half plan to pass their business down to the next generation
51% plan to pass their business down to the next generation, while a further 14% will pass ownership of the business down, but will employ non-family management.