We Organise Conferences and Training Seminars

The concept of Family-Owned Businesses has evolved over a long time. Generally accepted as a legal entity operating in an economic sector and outliving at least two generations. Family-Owned Businesses have flourished in many developed and developing economies of the world. In places such as the United States of America, Italy and India, these businesses have played significant role in the socio-economic development of these countries. From current trends, they remain largely relevant for the future.

Most family-controlled businesses in Nigeria suffer premature death no sooner than the original owner/founder dies. Lack of succession plans or inadequate succession plans is a major sustainability challenge of family controlled businesses in Nigeria. No wonder it is difficult to find indigenous companies that have existed for 100 years and above in Nigeria.

FOB NIGERIA designed transfer to the associates awareness of the fact that an ethical style of “doing business” creates a solid and sound foundation for long term and healthy business growth. This means the strengthening of the conviction of entrepreneurs that the enterprises, in order to reach successful milestones, will benefit through characterizing themselves, as with a distinguishing mark, for the attention they will know how to give to the human side of work and for the capacity of being able to adopt an effective structure of governance because it is rigorous, confident and merit-based.

GOAL

The goal of AFBON is to transfer to the associates awareness of the fact that an ethical style of “doing business” creates a solid and sound foundation for long term and healthy business growth. This means the strengthening of the conviction of entrepreneurs that the enterprises, in order to reach successful milestones, will benefit through characterizing themselves, as with a distinguishing mark, for the attention they will know how to give to the human side of work and for the capacity of being able to adopt an effective structure of governance because it is rigorous, confident and merit-based.

AIMS AND OBJECTIVES

1. To explore themes that are founded on ethical entrepreneurial values which are focused on developing the personal and professional growth of new generations.

2. To formulate effective legal frameworks that will address conflicts and identify specific challenges associated with family-owned businesses in Nigeria.

3. To equip regular employees with key facts on starting, developing, and running a family business, generationally.

4. To develop strategies that can help existing businesses to restructure their firms into a family business.

5. To assist existing indigenous family business owners to develop a sustainable management framework, culture and skills that will help grow and keep their businesses generationally by benchmarking with selected and well known international players in the family business ownership.

BENEFITS TO PARTICIPANTS

1. Formulate an effective framework that will help them address conflicts and identify specific challenges associated with family-owned businesses.

2. Participants will develop strategies that will help them start, run and grow a family business with international networks that lead to high-performance companies, loyal shareholders, and healthy families.

3. They will get business solution packages that will enhance the sustainability of their businesses to the next generations.

4. Leverage on the Family Business Internships (The Next Gen Group).

5. Membership to Association of Family Owned Businesses of Nigeria. • Networking at Global Summit on Family Owned Business: UAE, USA, India, Italy, etc.

6. Discounts on further Executive Educations on Family Owned Business managements in Italy and Nigeria.• Participate in the Family Business Network Exchange (FBN Xchange).