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Worldwide statistics are clear, where it is estimated that approximately 70% of family-owned business do not survive into the 2nd generation and 90% no longer controlled by the 3rd generation of the family. Succession between generations in family businesses is less straightforward than it used to be. Today’s generation is growing up in a commercial culture which is radically different from that i ...

Small and Medium Enterprises (SMEs) remain the back bone of the EU economy, given that 99.8% of all enterprises are SMEs or more specifically a micro-enterprise with less than ten employees. In 2010, 19.2 million micro-enterprises operated in the EU, comprising 92% of all European enterprises. It is evident that SMEs are being affected by the financial and economic crisis across economies. Since t ...