Innovative Business Transfer Models for SMEs in the BSR
INBETS will enable succesful business transfers !
Innovative SMEs are mostly managed by the owner and risk to loose knowledge and jobs, once that owner retires – what is happening at increasing speed in the BSR. Business transfers have a higher impact on the economic growth than start-ups. The future growth and sustainability of innovative companies in the BSR is severely limited by failed business transfers. The majority of projects and measures focus on the creation of new firms, while the challenge of keeping firms running successfully is not covered. The aims of the project are to examine, further develop and design innovative and transferable models and tools for facilitating SME business transfers, make them widely available and implement them in companies. Business intermediaries are enabled to coach and support transfers , successors are qualified as entrepreneurs. Innovative solutions to problems complicating business transfers throughout the BSR are realised, allowing SMEs to continue and even expand. The development of the INBETS project was possible thanks to the COMBESTE seed money project of the EU Strategy for the BSR.
The generation change reached SMEs: More jobs are lost as part of failed transfers than newly created with start-ups !
Business support organisations (coaching), research institutions (knowledge) and education providers (training) team up to provide SMEs with excellent support for a succesful transfer of company and knowledge !
Reserach: Over the next decade up to 500,000 businesses providing 2 million jobs will have to be transferred every year ; at least 1/3 of business failures are the consequence of bad transfers
If you are interested to learn more about the importance of successful business transfers, these information are helpful:
- More jobs are lost due to failed business transfers, than new jobs are created in start-ups every year (CECOP study, p.20 available at http://www.cecop.coop/IMG/pdf/bussiness_transfers_to_employees_under_the_form_of_a_cooperative_in_europe_cecop-4.pdf ).
- Over the next decade up to 500,000 businesses providing 2 million jobs will have to be transferred every year and at least 1/3 of business failures are the consequence of bad transfers (EC SBA Review 2011, available at http://ec.europa.eu/growth/smes/business-friendly-environment/small-business-act ).
- Guidebooks on support to SME policy from structural funds, Nr. 3 Facilitating transfer of business , https://ec.europa.eu/growth/smes/business-friendly-environment/regional-policies_en
- Business take-overs can be a good entry mode for young entrepreneurs, instead starting their own business, http://www.dge.ubi.pt/msilva/Papers_MECE/Paper_11.pdf
- In Germany, between 2014 – 2018 about 135.000 Business Transfers will take place, affecting about 2 Mio. Jobs, https://www.econstor.eu/bitstream/10419/88607/1/77469534X.pdf
- The importance of instutionalising knowledge and keeping it in the company when the new generation takes over, Managing organizational memory with intergenerational knowledge transfer,
- DG Growth section on business transfers https://ec.europa.eu/growth/smes/promoting-entrepreneurship/advice-opportunities/transfer-business_en
- Entrepreneurship competence framework 2016, to develop entrpreneurial skills of successors https://ec.europa.eu/jrc/en/publication/eur-scientific-and-technical-research-reports/entrecomp-entrepreneurship-competence-framework