Rounded off by the drafting of this important act between family members. BIZITSeminar 2. Why are family firms important for the global economy? On this occasion, I would not like to talk about the easily available data that can be googled and easily found out how many there are, how many they employ and how much income family companies have on a global level. I would rather share fresh information that is relevant for us in the region. One criterion from the EU standard says that majority owners who are 55 or older should start informing themselves and preparing for the transition.
From the analysis we did in Serbia thanks to our partners from Cube Team doo, we know that in 2020 there are 37,300 such Spain Phone Number List companies (doo) and that they employ 264,844 people (30% of the total number of employees) and that they generate 17 billion euros in revenue (28% of the total ). It is also interesting that compared to 2015, the number of companies whose majority owners are over 55 years old has increased from 32,000 to more than 37. 000 and the number of employees in them from 180 000 to almost 265 000. So every day the number of potential family companies that enter the risk zone of the success of the transition is growing.
Have data for BIH, but I know that we are moving in almost the same percentages. I was almost in Tešanj and talked to the founders there, the vast majority of them are already facing the challenges of transition, and these are companies that together generate more than one hundred million marks in profit per year, as I heard from them. What are the key items for the long-term and maintenance of the family business? The key is communication.In the process of transition from the first to the second generation, clear communication between the founder and the successor, as well as between the successors, is crucial.
