The hottest Zhejiang family business inheritance a

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Zhejiang family business succession crisis

"if you don't go back now, it doesn't mean you won't go back in the future." Zhou You's theory

"the idea of many students is to go to the society for several years after graduation to learn about the management systems of other large enterprises. After a certain accumulation, they can choose. They may return home to help their parents run their family business, or they may start their own business."

Zhou Youxue is a student in the "entrepreneurial talent incubation class" opened by the City College of Zhejiang University. More than half of the students in this class are from family businesses in Zhejiang, so it is also known as the "young commander class" and the "rich man's children class"

it is a Chinese tradition for a son to inherit his father's career. Unexpectedly, 29 students in the first "Young Marshal class" who graduated this year recorded that their strength was valued by computers, and none of them returned to their family businesses. All people seek jobs by themselves in real estate, automobile, networking and other industries

in the interview with the second and third students of the "Young Marshal class", it was also learned that most of them had no intention of directly returning to the family business after graduation

various choices

although Wang Weixiao's family operates a hardware enterprise with an annual sales revenue of tens of millions of yuan in Fenghua, Ningbo, his father also hopes that he will go back to take care of the enterprise and hang him the position of "deputy general manager", but after graduating from university this year, Wang Weixiao, 25, did not return to his family business

"my family is engaged in flashlight foreign trade. Personally, I am not very interested in this industry." Wang Weixiao said. In July this year, after graduating from the City College of Zhejiang University, Wang Weixiao joined Zhejiang Geely Automobile Co., Ltd. as the Secretary to the general manager

Wu Jiaying, director of the Department of Business Administration of the City College of Zhejiang University, said that the idea of setting up an "entrepreneurial talent incubation class" initially originated from a survey by the National Alliance of independent enterprises of the United States: two thirds of entrepreneurs come from families with businesses

Wang Weixiao said that one of the reasons why he didn't want to go home was that he felt "family businesses are too depressed". Before graduation, he went home to work for three months. Due to the differences in ideas, there are many contradictions with my father at work. "My father is both an elder and a superior. It's difficult to change his role for a while, and I feel very unaccustomed." Wang Weixiao said

Chen can from Wenzhou runs a group company with assets of more than 100 million yuan. As the only child in the family, his father hopes that he will return to the family business directly after graduation, but he himself hopes to study advanced investment and financing and management experience abroad after graduation, and be familiar with the foreign investment environment. Chen can said that under his persuasion, after comprehensive consideration, his father finally agreed with him, and was ready to let him go to Australia to learn about the situation first, register and set up a company there to expand the Australian market, and then go home to take over when the time was ripe

Yang Yuankai also has a large-scale production enterprise at home, and he doesn't want to go home to take over after graduation. Because he is "neither familiar with nor interested" in his family's industry. And his parents also think that running a business is too hard, and they don't want their son to go home and "suffer twice". Therefore, to ensure the accuracy of another parameter displacement of the spring testing machine, Yang Yuankai plans to work in banks or other financial institutions after graduation

Zhu Chenfei is a native of Yiwu, and the enterprise operated by her family has a considerable scale. His father hopes that after graduating from University, he will study abroad in the field of investment to prepare for the future shift of enterprises to the field of investment

"as a girl, parents don't want to continue their business. Taking the civil service exam is a good choice." Girl you Xiao said

succession crisis

in fact, among Zhejiang businessmen, there is no "Gao Changdong, director of Yucheng science and Technology Bureau, introduced that the next decade or two will be the peak period for the transfer of the wealth baton from the first generation of entrepreneurs to the second generation. Zhejiang merchants are mostly family businesses, and they are facing the problem of succession

Zhejiang Association of self employed workers and Zhejiang Association of private enterprises have conducted a survey on private entrepreneurs in the province. Only nearly 15% of the respondents clearly hope that their children will take charge of the enterprise after retirement, and 38% of the entrepreneurs are willing to hire professional managers to take care of the enterprise

in fact, for some leading enterprises in Zhejiang, the choice of succession may be easier to make. For example, Lu Guanqiu and Lu weiding of Wanxiang Group and Xu Wenrong and Xu Yongan of Hengdian group have achieved sequential handover. The son of Mao Lixiang, founder of "Fangtai" and a master of Shanghai Jiaotong University, directly entered "Fangtai" after graduation. After graduating from University, Su Xianze, the son of Su Zengfu, the founder of "SUPOR" group, was first assigned to the Regional Administration for Industry and commerce, and then inherited his family business

but for those small and medium-sized enterprises with tens of millions or millions of assets, their family inheritance is much more difficult than that of large enterprises. These family businesses are small in scale, low in industrial level and depressed in family atmosphere, which makes it difficult to attract children born after the 1980s

Yang Yiqing, executive chairman of Zhejiang merchants Research Association, found that in addition to the lack of capital accumulation, these small and medium-sized enterprises also have relatively low levels of industrial level, management level, talent team, brand culture, etc. in general, they are still in the entrepreneurial stage, and their attraction to their children is also small

Chen Ling, director of the Family Business Research Institute of City College of Zhejiang University, found that in the father son inheritance, "wealth inheritance" is more than "career inheritance". There are not many cases where entrepreneurs directly hand over their businesses to their sons to operate. More often, their sons further start businesses or even start a new business. Father and son run businesses in different industries

new inheritance

zhuzhiping, chairman of Zhejiang Tongfang joint holding group Co., Ltd., is facing the problem of enterprise inheritance. His son is studying at Nanjing University and is going to Yale University in the United States to continue his studies after graduation. Zhu Zhiping said that the family business must have an international vision to grow, so he agreed with his son, "first find a large enterprise to work in the United States for a period of time, as for whether he will come back later, it depends on his own interests."

"in fact, it's not necessarily bad not to take over." Zhu Zhiping said that the reluctance of the children of family businesses to go home and inherit the family business does not mean that the enterprise has declined since then. Instead, the enterprise can take the opportunity to disperse its equity and establish a modern enterprise system. This can make the enterprise develop better and healthily. For family businesses, the most important thing is to let their children inherit the entrepreneurial spirit, rather than the existing industry and wealth

Yang Yiqing also believes that it is not necessarily a bad thing for children to be unwilling to inherit the mantle completely, which creates an opportunity for professional managers to really show their skills and achieve scientific management of enterprises

although there has not been a precedent in China's well-known family enterprises to hand over the supreme power to "outsiders", with the "succession" time approaching, Zhejiang businessmen are making new choices. "It can be predicted that with the gradual maturity of the professional manager class, there will be more and more professional managers acting as the 'number one' of family enterprises." Yang Yiqing said. (end)

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