Family Business Pandemic Survival Survey
Almost every family business that we have spoken to in recent weeks is being disrupted in some meaningful way by the COVID-19 pandemic. Some are fighting to stay alive or manage the implications of a significant drop in revenue, while others are dealing with greater demand and stressed supply chains. Most are feeling isolated as they make decisions that will shape their future.
As part of our effort at BanyanGlobal to help the family business sector, we have prepared a survey to take the pulse of family businesses and gather practical advice for managing through this stage of the crisis. We encourage you to complete the survey and share it with others who are part of a family business (as an owner, employee, board member, family member, etc.).
If you’d like to find out how your response compares to other families, you can complete our confidential survey by clicking here.
We will continue collecting responses throughout the year.
To view the survey report as of May 22, 2020, click here.
Your family business was likely forged amid obstacles and difficulties that have become part of your family legacy and lore now. Surviving challenges is in your family’s DNA. Hang in there.