Boost for family businesses in Scotland

Boost for family businesses in Scotland

Families in Business, a consultancy dedicated to supporting family businesses across the UK, has set up a new base in Edinburgh.

Families in Business (FiB) provides family businesses with consultancy, membership, events, and a portfolio of tools to address the needs and unique challenges of family and owner-managed businesses.

The company is led by its founder Dani Saveker, who was the fourth generation in her own family’s manufacturing business and its CEO for seven years, before she created FiB.

Scotland has in the region of 60,000 family businesses, with over half (54%) still under the control of their founding generation, and more than two thirds (61%) more than 11-years-old.

FiB’s Scottish launch was marked by an event at Edinburgh’s family owned Kyloe Restaurant, when a group of representatives from a number of the region’s largest and longest-running family enterprises discussed the biggest challenges they face as part of a family firm.

Saveker said: “In Scotland, we will be running a series of specialist peer groups based on the network already well established in our other UK regions.

“These involve members of family enterprises meeting every other month to discuss their challenges, evaluate opportunities and solve an assortment of strategic and often personal issues unique to family enterprises.

"These sessions are an intimate and safe place to bring the often unique challenges of family enterprises to the table.”

 

Interested in finding out more about family business in Scotland? Edition 22 of BQ Scotland had a series of success stories celebrating family owned businesses from across the country.