When it comes to growth, 93 percent of U.S. family businesses are confident as opposed to 81 percent of their global counterparts, according to PwC's latest Global Family Business Survey.
Market conditions remain the primary near-term concern, 68 percent of respondents say, but this is a decrease from 88 percent just two years ago, which could signal that respondents have adapted to today's market volatility and economic uncertainty.
The survey also finds that 76 percent of respondents plan to pass on their companies to the next generation, marking the highest number since 2007 and a major increase from 55 percent two years ago. Fifty-two percent of respondents plan to pass ownership as well as management to family members while 24 percent of respondents anticipate transferring ownership but bringing in outside management.
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