Family businesses have long been the unsung heroes of the global economy, making significant contributions to employment, economic stability, and community development. This reality is especially pronounced in Australia and New Zealand, with 70% of businesses being family-owned and over 50% of the workforce employed by these enterprises in Australia and 75% of businesses and 75% of the workforce in New Zealand. However, despite their prevalence, family businesses are often CHAMPIONING CONTINUED GROWTH FOR FAMILY-OWNED ENTERPRISES 56 BUSINESS VIEW OCEANIA VOLUME 06, ISSUE 09
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