The challenge of succession in Greek family businesses
According to the recent "EY Entrepreneurship Barometer Greece 2025" survey, the issue of succession is one of the most significant challenges for Greek family businesses. The research highlights that the transfer of management to the next generation is a critical process that requires proper planning and strategy.
Many business owners in Greece are concerned about the future of their companies, as finding the right successors is not always an easy task. Experts emphasize that preparation must begin several years in advance so that the new generation can gain the necessary experience and knowledge to meet modern market demands.
Another important finding of the report is the need for modernization. Family businesses are called upon to adopt new technologies and innovative practices to remain competitive in a constantly changing international environment. The balance between tradition and renewal is considered the "key" to the longevity of these businesses.
Despite the difficulties, family businesses remain the backbone of the Greek economy. Proper management of succession concerns not only the family itself, but also the employees, partners, and the local economy as a whole.
In conclusion, the EY survey underscores that success in succession requires open communication and professionalism. Entrepreneurs who invest in proper planning today ensure the stability and growth of their companies for years to come.