Half of young people hope to take over family business someday

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AIB,Crisis,Dcu

Around half of young people questioned in a poll for DCU are seriously thinking of taking over their family business one day.

The findings came in a report titled ‘To Join or Not to Join?’ that is being launched today at AIB Head Office on Molesworth Street in Dublin.Some 72% of respondents to the survey believe the next CEO in their family business will be a family member.

“It is also heartening to see that 40% of the next generation surveyed have strong intentions to become a successor in the family business, preserving these enterprises for generations to come.” “Family businesses are the bedrock of economies and communities, exercising the dynastic will to build strong businesses and survive the social and economic crises that often crush non-family businesses,” he said.

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