It is a myth that family businesses are less affected in times of crisis than other businesses. However, they protect their crown jewels better and are less likely to fire experienced employees.t is a myth that family businesses are less affected in times of crisis than other businesses. However, they protect their crown jewels better and are less likely to fire experienced employees.
Crisis is crisis, it doesn't matter who is at the helm. This is apparent from the annual survey by the Erasmus Center for Family Business, accountancy firm BDO and Rabobank. “Profit and turnover are also falling sharply at family businesses. But they seem to recover faster than other companies after that first blow.” That is what professor of family businesses Pursey Heugens of the Rotterdam School of Management, who supervised the research, said.