The Keys To Family-Owned Businesses Driving Double Digit Growth

By Hayley Null, Manufacturing Industry Marketing Lead

According to the EY Growth Barometer, family-owned businesses have outperformed non-family companies since 2006. Thirty four percent of family businesses are targeting double digit growth rates, compared to only 26% of non-family businesses.

What’s the secret behind family businesses growing faster than their peers? In Part 3 of the Family Business series, Ranga Bodla, Head of Industry Marketing of Oracle NetSuite, sat down with Tommy Thwaites, President of coffee roaster Coda Coffee, Devin Becker, Vice President of Becker Safety and Supply, a distributor, and Jason Kencevski, CEO of Speedmaster, a car parts manufacturer, to discuss how they’re growing and differentiating their respective family businesses and outperforming the competition.