Magazine: How can a family business be successful?
According to Ákos Ékes, family business specialist of K&H Bank, family-owned enterprises contribute nearly 50 percent of the country’s GDP. Thanks to their set of values and attitude, they are also much more resistant to economic cycles. In the long run these enterprises need to grow if they want to preserve their values or create new ones. A family business can be successful if it meets four criteria: 1. its growth ambitions are realistic, 2. it has a positive ROI, 3. members of the management cooperate at a strategic level and 4. the business has a long-term vision, and it has the structure and the means necessary for harmonising short-term and long-term objectives. //
Related news
The talking digital financial assistant is already available for SMEs
Kate, K&H’s digital financial assistant, has been helping small and…
Read more >K&H: the inflation anomaly is clearly visible, but customers perceive it differently
Although inflation has slowed down a lot, according to the…
Read more >A radical change can be observed in savings
Other winds are blowing in the investment markets: the period…
Read more >Related news
The latest issue of Trade magazin is out now!
The digital version is available with more content once again…
Read more >FAO: global food prices increased for the second month in April on a monthly basis
In April, global food prices rose for the second month…
Read more >Beauty care travels at breakneck speed
Beauty care is one of the fastest growing markets in…
Read more >