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3 Characteristics of Family Businesses That Position Them to Thrive (Infographic) The traits that set family businesses apart are creating authentic opportunities for success.

Deloitte Private

Operating a family-run business has always come with a unique set of advantages and disadvantages. On one hand, you're working side-by-side with people you know well and who are likely equally invested in the business' success. On the other hand, managing the personalities and tempers of family members can sometimes get in the way of that success.

And although the COVID-19 health crisis has presented significant challenges for all types of businesses, it has created authentic opportunities specifically for family-run operations. From engaging new generations to fostering purpose to creating a lasting legacy, here are three ways family businesses are showing their resilience, growth, and recovery.

Click here to learn more about how family-run businesses can turn challenges from the COVID-19 pandemic into opportunities that help them thrive.