Planning and continuity They are two terms that undeniably go together when it comes to a company. This was expressed by the speakers attending the conference. succession in the family businessIt was introduced by the Alicante State Family Business Association (AEFA) and Banco Sabadell. This is a fundamental issue when it comes to guaranteeing the company’s viability in the medium and long term. AEFA president Maite Antón then focused on the following fact: «Only 8% of Spanish family businesses exceed third and subsequent generations», according to Anton, «downsizing our companies ». Banco Sabadell’s Executive Vice President and Eastern Region Director Fernando Canós highlighted the family business as a “source of wealth” for the country.
An example of a family business in the third generation is Bodegas Mugas, with the intervention of finance director Eduardo Muga, who said, “We try to instill in our children a love of wine, our family business, and wine.” understanding our roots ». Muga discussed the importance of «Knowing who we are and where we want to go as a company and business familyHe placed special emphasis on the fact that “perfection is inalienable” and “perfection”. It should be noted that Muga “does not have such a general manager. Strategy and investment decisions are handled 2nd and 3rd generation board of directorsMugla explained.
How is the generational change planned?
Facing the process of incorporating new generations into a company is not an easy task, because it is a good planning taking into account different aspects. They attended a moderated roundtable discussion to explain this. nunci serrano Serrano Automotive Group, Jose Juan Pons Furniture Point and Angeles Serna, Together with TM Real Estate Group Cristina Serna, also from TM Real Estate Group and Juan Pons, From Muebles Point, from the AEFA Forum, both of which are a new generation of family businesses.
Ángeles Serna underlined that one of the most important problems at the meeting was “to understand that planning is only about choosing a leader”. To resolve this situation, he recommended “to understand as a whole what it means in a row”. requires tools and knowledge to successfully face the process.
According to José Juan Pons, “Constantly reinventing yourself on the path to succession” is key. “Plan first and be clear about the actions to be taken”. Regarding the recruitment of new generations to the company, he stated that only family members can work directly in the company and they have a position according to their education level.
Family business as a source of wealth and employment
Fernando Canós, Executive Vice President and Eastern Region Director of Banco Sabadell
Various crises have shown that agility and stamina They are the key features of the family business, a segment that represents a very important part of the productive fabric in Spain. This economic uncertainty The current situation continues to test the resilience of these businesses that are able to adapt to changes by promoting their modernization and digitalization with a very high dedication.
Due to their specific characteristics, although they have to face certain difficulties, for example conflicts in family relationships or succession plansThe family business is consolidated as a source of wealth and employment. It represents a source of wealth as it creates mobility in the region and contributes financially. And it is a source of employment because Ability to successfully manage and creating a motivated workforce with absolute clarity of purpose.
For this reason, it is very important to communicate the importance of these companies to the public and that their private interests are represented and defended by institutions, social actors and other groups. We have this commitment at Banco Sabadell, especially in the province of Alicante. unquestionable commitment Supporting the projects of families and companies is not only financial, but also social and cultural perspective.
It is this commitment. specialization at the center of our strategic plan. A high degree of knowledge of different industries and the great capillarity of the network are essential elements for us. commitment to accompany the family business, It enables us to establish lasting and trusting relationships. In this sense, Banco Sabadell has the bankers most prepared to give the best advice on the capital investments the client demands.
The risk analysis team is fully trained to have an in-depth knowledge of the multiple business sectors in which the family business operates and to speak the same language. Actually, The business has implemented concrete and specific actions to present the best offer for packaged products. It covers the requirements of every industry. The results show that specialization is one of the best bets to continue growing.
Hand in hand with the Alicante State Family Business Association (AEFA), Banco Sabadell will continue to work actively and resolutely to assist and accompany these business entities in their quest for greater competitiveness, growth, innovation and differentiation.
Source: Informacion
James Sean is a writer for “Social Bites”. He covers a wide range of topics, bringing the latest news and developments to his readers. With a keen sense of what’s important and a passion for writing, James delivers unique and insightful articles that keep his readers informed and engaged.