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Views sought from family firms

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By Fiona Reid
Views sought from family firms

FAMILY and owner-managed businesses across Dumfries and Galloway are being urged to take part in a survey to help provide vital insight into their challenges, aspirations and opportunities.

Armstrong Watson has launched its fourth Family Business Survey in a bid to delve into the current issues dominating the agenda for these businesses in the current climate.

And the firm is urging businesses across all sectors to have their say.

The last survey, in 2018, highlighted concerns around Brexit and the impact of digitisation and GDPR, alongside internal challenges such as succession and recruitment.

However, since then there has been the covid pandemic, labour shortages, supply chain disruptions, inflation and the cost-of-living crisis.

Therefore, the survey looks to expand on previous insight, seeking to understand the impact of recruitment challenges, how businesses are adapting to the evolving digital world, how they will look to innovate and grow, and for business owners to share their concerns about the impact of external pressures and the issues that will impact business growth over the next three years. There is also a focus on succession planning.

Chief executive Paul Dickson said: “Privately owned, family and owner-managed businesses are the lifeblood of our communities, and by contributing to this survey, business owners will provide a unique insight into the inner workings of arguably the most important sector of our economy.

“The information they share will not only help us to support these businesses to grow, innovate and stand the test of time, but will also help the wider community to understand the concerns and aspirations of today’s family and owner-managed businesses. It also provides useful insight on the challenges this vital sector to the UK economy is facing.”

Visit to take part.

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