Family businesses in the U.S. are more confident about their growth prospects than their global peers—93 percent versus 81 percent—and are poised to capitalize on new opportunities, according to a new survey by PricewaterhouseCoopers.
While economic challenges top the list of near-term concerns for U.S. family businesses, with 68 percent citing market conditions as a main issue over the next 12 months, those concerns have waned since a previous survey by PwC two years ago in which 88 percent cited market conditions as a main concern, suggesting that family businesses have adapted to the new normal of market volatility and economic uncertainty.
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