Today, at a visiting meeting of the All-Russian Family Council in Kazan, the head of the Tatarstan Investment Development Agency, Taliya Minullina, told family dynasties of entrepreneurs who came to Tatarstan from all corners of Russia about the experience of the influence of family business on the economy of countries around the world.
Taliya Minullina: "There are many examples in the world of family businesses becoming large global brands. Through legislative support, such can be grown in Russia as well. The example of these enterprises shows that by starting to work with family business at the legislative level, we can grow large global companies based on family stories. In different countries, there are support measures for such entrepreneurs. Somewhere it is a reduced property tax, somewhere it is support in the field of innovation and export, somewhere it is financing and consulting. It all works!"
Among the advantages of family business, Taliya Minullina noted the benefits for several generations of one family at once, flexibility in management, trust and unity, and personal motivation. The unobvious advantages were the unexpected discovery of family members' talents, strengthening of family ties, innovations through new generations, and opportunities to overcome personnel shortages. And the most popular areas in the world for running a family business were retail trade, agriculture and food, textiles, hotel and restaurant business, financial and insurance services, and real estate.
Taliya Minullina: "Family business is a legacy of love and labor, trust of generations, net profit, and the support of the economy of a strong country!"
Rais of the Republic of Tatarstan: "Family is the foundation of our multinational state, a reliable rear and support for a person. It gives us strength in difficult times, teaches us to believe in ourselves, and maintains the continuity of generations. It is very important that each family lives in harmony, agreement, and comfort, and looks boldly and confidently to the future."