FABASA will fill a much needed void in helping FOBs. Its mandate includes corporate governance and best practices, and assistance with succession planning, given that a staggering 70% of all first-generation family-owned businesses fail in their efforts to hand over to the second generation. FABASA will offer practical solutions to family businesses, while also highlighting effective strategies to manage their businesses towards profitability and prosperity.
Members and other visitors to the FABASA website will have ongoing access to best practices and the latest research and international trends affecting this sector. Training programmes such as workshops and conferences will be arranged if and where it is a viable option.
FABASA will create access to accredited family business consultants & other business experts.