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.

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