There are only four shareholders...— Martin Cassidy, Truco
You have to run the business on the same fundamentals you’d run any business.— Martin Cassidy, Truco
A “family business” refers to a commercial entity owned and managed by one or multiple generations of a family.
Family business is the oldest and most common model of economic organisation.
The vast majority of businesses throughout the world — from corner shops to companies with hundreds of thousands of employees — are considered family businesses.
About 44% of the richest 400 people in the world derived their fortunes through their membership of, or in association with, a family business, according to Forbes.
Some of the world's largest family-run businesses are Walmart (United States), Samsung Group (Korea) and Tata Group (India).
Listen to the interview in the audio below (and/or scroll down for more quotes from it).
We’re the largest rubber hose manufacturer on the Continent.— Martin Cassidy, Truco
We’ll seldom bet the house on anything.— Martin Cassidy, Truco
The three most important rules in business are, ‘never run out of cash’, ‘never run out of cash’ and ‘never run out of cash’.— Martin Cassidy, Truco
You have to look at it not as a family business, but as a business owned by family.— Martin Cassidy, Truco
We have a policy to protect the company from pressure from outside shareholders.— Martin Cassidy, Truco
Private equity scares me…— Martin Cassidy, Truco
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