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“80% of the companies in Peru are family, the Peruvian seeks to do business”

“80% of the companies in Peru are family, the Peruvian seeks to do business”

larepublica.pe

How important is it to have a family business in Peru and what is its contribution to the economy?

—The contribution of family businesses is transcendental. An important figure is that 40% of the Gross Domestic Product (GDP) is contributed by family businesses. In addition, 70% of the active employed population is a contribution that family businesses provide to the country.

How much employment have they generated in the country?

—60% or more of family businesses have 100 employees. Of these, 25% have more than 500 collaborators. An important figure is that, in the country, 80% of the companies are family. In addition, there are about 3 million registered companies. It means that we are many family businesses that are the engine of the economy.

What are the main characteristics of family businesses?

—There is a somewhat wrong concept of the family business, because it is thought that it is only made up of a family, as if the mere fact of being an uncle or nephew makes you a manager. It is not like that, family businesses have an external directory, with professionals who guide them by running the companies. The common characteristic is that our shareholders are made up of a family.

Many times family businesses present some complications in their action

—The Association of Family Businesses promotes sustainability over time, through rules for generations, such as the family council or family protocol. It is about just guiding the rules of the family business. Almost all AEF members have a family protocol.

But there are always conflicts…

—Yes, precisely, the family protocol takes care of that. A piece of information, 20% of family businesses go to the second generation, only 10% go to the third generation and less than 4% go to the fourth generation.

How to achieve ethical behavior?

—In family businesses, precisely because they are family, values ​​prevail. For example, Koplast, in which I am the manager and the second generation, made the transfer of management and in this type of situation what is inherited is the values ​​and culture that a professional ethic allows.

How should the stratification of roles be in a family business?

—For the fulfillment of certain roles, the family protocol designates it and one must train the next generations for three types of work: executive, consultative and shareholder. All three have the same degree of relevance and what AEF seeks is to train you and share experiences to train you academically.

What happens when the children do not bet on the company?

“The succession is a long process. In order for the second generation to be included, it is necessary for one to internalize the importance of the succession of the family business, to later carry out a rapid execution and leave new challenges for the second generation. Each generation has its stages and has its challenges to meet, its objectives to meet.

How important is it to have a family business?

—We are 80% of the companies in the country. The Peruvian seeks to do business. The country is great because of its companies, which contribute 40% to the GDP. We contribute to the country.

Source: Larepublica

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