Published on March 8th, 2017 | by admin0
Start of FaBuSS – international project for family businesses
On 21 and 22 of February in Athens, representatives of CEFE Macedonia participated in the meeting to promote beginning of the project FABUSS – Successful succession in family businesses (FABUSS – Family Businesses’ Successful Succession).
Target group of this project are young people between age of 18 and 35 who are willing to take over their Family Business at some point in the future. These aspiring successors need skills and knowledge to effectively develop the business by applying new innovative strategies, including extension of their markets, through networking and cooperation with similar enterprises in other countries.
The project’s objectives are:
1. To Identify and highlight best practices for training and supporting next generation family business leaders
2. To equip next generation leaders with required knowledge, skills and networks – national and international
3. To strengthen next generation leaders’ knowledge and skills, by exposing them to transnational good practices, expertise and team work with target group members from other countries.
4. To support the longevity of family business, their renewal and internationalization in order to enforce their socio-economic contribution.
According to the study of the 2015 “European Family Business Trends” 28% of surveyed companies plan to hand business management to the next generation, 20% to hand over ownership to the next generation and 15% to hand over the management of the company to the next generation.
CEFE Macedonia, among other activities within the project, will be responsible for implementation training for trainers, in order to train the family members who are willing to be the next generation to take over their family business.
Apart from CEFE Macedonia, the National Youth Council of Macedonia (NMSM) will also take part of this project. Other countries where the project will be implemented are Greece, Cyprus, Bulgaria, Italy, and Portugal.
This project will last for two years and is financed by Erasmus + Programme of the European Union. The project is implemented by Athens Chamber of Commerce and Industry.