Business-owning families report doing more formal planning to ensure a smooth transition between generations. Family business owners report few problems with access to capital Owners of family businesses of all sizes report uniformly high expectations for acquiring the capital they require. Male relatives carry more clout in family firms . Male relatives are more likely than females to be involved in family businesses, to hold more influential positions, and to be identified as the key decision makers for the business. Sons are four times as likely as daughters to be identified by owners as controlling ownership and governance decisions in the next generation.
Owners encourage children's participation through nature and nurture.
Decisions, in most family firms, are made by consensus and fostered by trust. Decisions on key issues are made by a small number of people who come to their decisions through consensus. Family business owners remain moderately positive about the overall economy even while split over the effect of the administration's policies, particularly with regard to family businesses. The difference may be attributable to the size of business each owns. Family Businesses continue to focus on improving the value of the firm.