Every year many well-functioning family-run companies disappear due to the inability to find successors to the business leaders. Despite existing succession schemes in some countries, there is still overall limited experience and awareness on business ownership transfer. The project ENTER-transfer aims to facilitate business succession at national and transnational level. The project will develop innovative tools and services that will streamline the business succession process and help sustaining family companies.
Moreover, the project will develop a matchmaking portal for companies that seek succession, a toolbox with practical guidelines for both succession seeking companies and succession seekers, and strategies for creating favourable conditions for business succession. The joint efforts of the partners will result in improved awareness and succession-supporting capacities of public bodies through trainings and regional strategies, strengthened skills and competences of young entrepreneurs, owners of family businesses and their descendants by targeted trainings.
The meeting took place in the premises of the Lead partner EUBA, in Bratislava, Slovakia on 6. - 8. of March 2019 and was attended by representatives of all project partners and also by representatives of Joint Secretariat.
Conference with the topic of “Transition of family business ownership” was hosted by the University of Economics in Bratislava. The conference was attended by approximately 150 people, representing students, academics, and professionals from business area.
The pilot action was aimed at young entrepreneurs, family-run businesses and public institutions who are in the service of entrepreneurship. The goal was to point out the complexity of the business transfer process and to point out some important questions that should be taken into account when deciding on the most appropriate model of business succession. The pilot actions took place in Metković and Dubrovnik.
This workshop was organized as a stakeholder meeting on one hand and as a discussion group to test effective measurements towards effective knowledge and power transfer on the other hand. Besides that, the presentation and feedback on the newly developed ENTER-transfer model was of high importance.
The pilot action in South Bohemia region aimed on how to change behavior, safeguard interest, stronger involvement and finally commitment of young descendants to take over the family business instead of opting for an external job which offers financial stability.
Two pilot actions were organised in the Mazovian region:
1. 14th of November 2018 – the meeting with the
representatives of authorities at regional level and the
entrepreneurs from family companies in Mazovian Region
(big pilot action),
2. 15th of November 2018 – the meeting with the
representatives of local authorities and the entrepreneurs
from local family companies in Radom (small pilot action).
In the Prešov region, on 12th and 13th November 2018, two pilot action meetings took place, with aim to collect feedback of partners on the model progression and discuss over set of criteria prepared in order to improve the matchmaking formula based on which the future project output, the matchmaking tool will be based.
More information will follow soon.