Did You Know That 90%+ Of All Businesses Are Considered Family Businesses?

[Paul Kelly ICHYB]

I have just had an interesting conversation with another business group on FB who are quoting the FBU and the IFB (who knew they existed) stating that of the 5.6m businesses in the UK 5.3m were family businesses.

Apparently, the definition of a family business is:
' one where the majority of the shares are owned by the person who started the business, at least one member of the family is involved in the business (so sole traders are counted as family businesses). '

So, this 4.6m of you who work alone, you are a family business!

I think that this statement and figures are a
load of tosh - what do you think?

 

[fisicx]

Dennis who is 14 and sells Manga dolls from his bedroom is one of those family businesses.

It's a pointless statistic.

Who are the FBU and the IFB? Google wasn't much help.

 

[Paul Kelly ICHYB]

Family Business United

UK Family Business Statistics | FAMILY BUSINESS UNITED

Family businesses are a force for good and significant contributors to the national economy. Family firms are the engine room of the UK economy and make a difference each and every day. The numbers speak for themselves

www.familybusinessunited.com

iFB should be FBUK (sorry)

Why family business? – FBUK

Family businesses offer a model of sustainable and responsible business that others can learn from, be part of, work with, and even adopt.

www.familybusinessuk.org

Sometimes, you can't make things up that good!

 

[fisicx]

Only £299/year for the FBU!

But it is cheaper than the Entrepruners Circle.

 

[Mark T Jones]

It's definitely not a surprise

I always enjoyed the stat that ghe average number of employees in a UK business was 2 (modal average presumably), but one of those wasn't actually an employee.

 

[ctrlbrk]

I think that this statement and figures are a
load of tosh - what do you think?

In my case that's true.

Sole director here, but my partner runs the technical expertise.

 

[Paul Kelly ICHYB]

But it is cheaper than the Entrepruners Circle.

Lol

 

[JEREMY HAWKE]

The Range/ Wilco

Owned by Chris and Sarah Dawson who are among the richest people in the country and are proper Devon!

 

[WaveJumper]

The Range/ Wilco

Owned by Chris and Sarah Dawson who are among the richest people in the country and are proper Devon!

Thats the lot who own the Range I believe, we did a few deals with them in the past, thought they had disowned Devon for a tax haven somewhere

 

[JEREMY HAWKE]

Thats the lot who own the Range I believe, we did a few deals with them in the past, thought they had disowned Devon for a tax haven somewhere

Why would you swap here to pay less tax

 

[Newchodge]

Why would it matyter to anyone, anywhere, whether a business is called a 'family business' by some meaningless organisation?

 

[japancool]

Did you know that 77% of statistics are made up on the spot?