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Developing & Sustaining Scotland’S Family Businesses
Developing & Sustaining Scotland’S Family Businesses
Developing & Sustaining Scotland’S Family Businesses
Developing & Sustaining Scotland’S Family Businesses
Developing & Sustaining Scotland’S Family Businesses
Developing & Sustaining Scotland’S Family Businesses
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Developing & Sustaining Scotland’S Family Businesses

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  • 1. Developing & Sustaining Scotland’s Family Businesses Martin Stepek CEO, Scottish Family Business Association
  • 2. Family Businesses Dominate the Scottish Economy Driver Standards 69% of all businesses 45% of GDP 900,000 jobs 50% of the private sector workforce 41% of 100 biggest companies in Scotland are family businesses
  • 3. Family businesses, including the largest, remain located throughout Scotland, sustaining jobs and wealth creation locally. Family Businesses Sink Deep Local Roots
  • 4. Family Businesses Sustain Communities Driver Standards Large scale local philanthropy Potential to regenerate deprived communities Family businesses don’t seek short-term return on investment, but have a range of long-term personal, social, ethical and monetary goals
  • 5. Family Businesses Have A Huge Problem <ul><li>70% disappear at times of succession: 1600 in Scotland p.a. </li></ul><ul><li>Not just first to second generation but between any generation </li></ul><ul><li>Not due to poor quality leadership or management in next generation. </li></ul><ul><li>Increasingly complex family dynamics and emotional entanglements make normal governance impossible. </li></ul><ul><li>Massive unreported loss of jobs, indigenous companies, factories, shops , and the social benefits of family businesses </li></ul>
  • 6. The Solution <ul><li>Failure is down to increasing complexity over time of family businesses, particularly expansion of family </li></ul><ul><li>Family Businesses need specialist training on governance, leadership, communication and their a dvisors need to be fully equipped to provide support specific to family business </li></ul><ul><li>The learning on best practice is available now : 20 years of global research. We need to get this information to the relevant companies </li></ul><ul><li>SFBA was created as a charity by eight family business leaders to bring the world’s leading practices on good family business governance to Scotland. Help us make it happen. </li></ul>

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