A key difference and at the same time advantage in comparison to other companies is the long-term orientation and resilience of family entrepreneurs – Enkelsicherheit of the is a central goal. The German word “Enkelsicherheit” summarises their long-term focus and crisis resilience meaning „securing the estate for future generations“. As entrepreneurs, we know that good things often take time. The manager, who is and often hast to be largely fixated on quarterly results, is clearly inferior in this respect. Family businesses are owner-managed and not manager-driven.