Family business worried about customers' solvency

Maintaining profitability and customers' solvency are among the greatest challenges for Polish family businesses, according to a survey by PWC. Polish family companies are focused on current affairs to a greater extent than the same kind companies in the rest of the world, according to Piotr Wyszogrodzki from PwC. "Foreign-based family businesses named competitiveness, innovation and access to skilled workers as their main challenges in the next 12 months. This approach can be dubbed strategic. When it comes to Polish companies, their main worry is whether their contractors will pay them. This kind of approach I would describe as operational," Wyszogrodzki said. Only 53 percent of Polish family companies see fostering innovation as a challenge, 11 percent less than a global average.