Encouragement for family businesses in Russia

Social family enterprise: how to create and develop your business


In Moscow, experts and legislators have discussed the advantages of hereditary entrepreneurship.

A legislative consolidation of the concept of “social family entrepreneurship” in Russia is planned for the near future. 

An expert community together with representatives from all levels of legislative power, the Public Chamber and the Federation’s Industrial-Commercial Chamber discussed the future of a new sphere of development for small and medium-sized businesses at the round-table “Family business in Russia: continuity of traditions and contemporary perspectives”. The event took place in the Expocentre on the Day of the Russian Entrepreneur (26 May).

Drawing upon the experience of countries in Europe, Natalia Karpovich, who was representing the interests of large families and the expert community of the Public Chamber, remarked on the stability of the family business model. The family business can be inherited and, as a rule, all members of the family are motivated to make sure that the business is successful and effective. According to her, in Germany, small and medium-sized businesses account for 91% of the country’s GDP.

However, in order to ensure that social family business in Russia fully develops, supportive conditions need to be created for those wishing to set up their own business.

In Senator Elena Popova’s opinion, social enterprises lack informational support for their project in the first instance, later then needing access to financial instruments that are extremely hard to get due to distrust on behalf of the banks. Furthermore, the Senator considered it essential to assist product promotion in order to increase the demand for items and services.

The business trainer from the foundation “Our Future”, Rada Vorovich, said that many Russian towns produce national souvenirs. These goods are often of high quality and artistic value, but they do not find buyers. Experts think that specific attention needs to be paid to foreign tourists as consumers.

At the round table, the results of the competition “Mum-Dad-Me – business family” were announced. 27 families took part in the competition, developing their own business. The Public Chamber and the Federation’s Industrial-Commercial Chamber rewarded all participants, regardless of the scale of the family business.

Source: https://www.asi.org.ru/news/2017/05/30/semejnyj-sotsialnyj-biznes-razvitie/


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