Flying the Flag for UK Family Businesses in China
3rd October 2014
This week the IFB's Mark Hastings and William Pedder met with a delegation of Chinese entrepreneurs to promote the success of UK family businesses, and give them a snapshot of the family business model.
The group were from the 'China Entrepreneur Forum' (also known as "China's Davos"), the largest and most influential business forum engaging private sector business leaders in China bringing together 500 of the most influential entrepreneurs from a range of business sectors.
As the UK chapter of Family Business Network International, the IFB regularly works to bring together business leaders from across the world to learn from each other and share their experiences. The IFB's Next Generation group is open to all FBNi members, and last week's IFB Next Generation conference welcomed a wide range of international delegates.
The key issues faced by the Chinese business owners were also those most regularly raised by British family firms, namely how and when to start planning succession. If you are concerned about planning for your family business succession, ready our handy guide here.
Mark said: "It is of no surprise to us that the key concerns of family firms are the same in Shanghai or Sheffield, Chuzhou or Coventy. Just as we work with family businesses to help them learn from our wide network, so we develop these links internationally to work to ensure the strong family business model can continue to thrive.
"We were delighted to meet the Chinese delegation, and we look forward to spreading the story of UK family business success to other countries as part of our ongoing work".
Photo: Mark and William with some members of the China Entrepreneur Forum