Family business is the oldest and most common form of economic organizations in the world. In many countries, family business represents a big number of firms and with a significant contribution to the economy and employment growth. For example, 75% of registered companies in UK are family enterprises, whilst in India, Far and Middle East that number is staggering 95%. In spite of all relevance they have on the economy, these firms, unlike other type od companies, were not given enough support, not even from the legislators nor the creators of economic policies.

Family firms outperform all the firms that are not based on family relations. Company Thomson International has made a simple index for family firms and other types of enterprises in bigger European countries in the period of 10 years, until December 2003. In Germany, index of family firms has increased by 206%, whilst the prices of shares of companies that are not in family property, have only augmented for 47%. In France, this index has increased by 203% and for other firms only for 76%. It is necessary to support this part of economy and encourage families to found these kind of enterprises.

You can read more about family firms here – porodične firme