Family Business - US 2nd Least Stressful; China 2nd Most Stressful
Sweden and the United States are the least stressful countries in which
to operate a family owned business, while Taiwan and mainland China are
the most stressful countries, according to new global research by Grant
Thornton International (GTI).
Stress Levels:
- 16% of family business owners in the U.S. saw their stress levels decrease or decrease significantly over the past year.
- 39% of U.S. family business owners saw their stress levels increase or increase significantly over the past year.
- Compared with 27 other countries around the world, only family businesses in Sweden (20%) reported a lower level of increased stress than the U.S.
- 90% of Taiwanese family businesses saw an increase or significant increase in stress levels
- Mainland China (84%) and the Philippines (78%) followed as the second and third highest stressful nations.
Days Off:
- All family businesses around the world took off an average of 15 days last year
- On average, U.S. family business owners took off 14 days
- French family business owners took the most holidays, taking on average 26 days leave.
- UK, Swedish and Italian family businesses took 21 days leave last year.
- Fami busineses in Turkey and Botswana took 10 days leave
- Taiwan eight days leave
- Thai family businesses only took 4 days leave last year.
About the Survey
The findings come from the GTI International Business Owners Survey
(IBOS), which surveyed more than 3,000 mid-sized family business owners
from 28 countries.
