Family businesses have voiced their concerns in Scotland around the economic climate and uncertainty in a new piece of research.
Successful family firms stand the test of time by being quick to adapt, innovative and responsive but that does not negate the sleepless nights that many clearly endure when it comes to prevailing market circumstances.
Good insight into the challenges and what is keeping family business owners awake at night across Scotland today.
Unsurprisingly, the current trading environment is the greatest cause for concern as business owners across Scotland come to terms with the economic climate, regulation and legislation and political uncertainty – both domestically in terms of the Scottish agenda, as well as the implications of Brexit, even more so with the announcement from Westminster of the intention to invoke Article 50 early next year. Further significant concerns for the Scottish family business community revolve around balancing the needs of the family and the business, continuing to build and maintain a profitable business and issues around staff and future leaders.