IMPORTANCE AND ROLE OF FAMILY BUSINESS AND THEIR CONTRIBUTION TO ECONOMIK DEVELOPMENT OF RM

Markoski, Goce and Gjosevska, Lidija (2013) IMPORTANCE AND ROLE OF FAMILY BUSINESS AND THEIR CONTRIBUTION TO ECONOMIK DEVELOPMENT OF RM. Horizons, 9 (9). pp. 29-36. ISSN 1857-856X

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Abstract

Each country applies different principles and strategies to encourage the development of family businesses. Тhe main characteristic of developed countries in last a few decades, is the systematic development of institutions and instruments to support entrepreneurship and development of SMEs and family businesses. Created more funds and banks specialized in lending to family businesses per beneficial conditions for the purpose of developing projects and ongoing development activities and structural adjustment program of family businesses.
Legislation and creating an appropriate economic environment is particularly important, especially in dynamic and unstable environment. Such a legal-political and economic environment should be clear, simple and effective.

Micro, small and medium enterprises are the most important generator of employment in industry in the Republic of Macedonia. They cover 80% of total employees. The analysis of the main indicators of industry size, showing that micro, small and medium enterprises participate with 99.3% of the total number of the firms, produce 41% of total production and 40.6% of total revenues. They possess 53% of total assets and 42.8% of total capital in the industry .

According to information from central register of the Republic of Macedonia, in 2010, about 95.7% of active enterprises belong to small and medium enterprises, and most of them are family business. They employ 78.4% of the total number of employees and participate with 54.3% in gross domestic product (GDP) of the Republic of Macedonia .

In terms of existing policies and measures, Macedonia is ranked well than most members of the EU areа. In most areas, the Macedonian business climate has improved significantly in 2009 compared with 2008. Index for 2009 compared with the ranking in 2008 for total initiatives of doing business is 89.9% .

In Macedonia, exist a positive climate in terms of entrepreneurship. Almost, every second respondent believes that there are good opportunities for starting up a business, only 35% believe that fear of failure, would prevent them from starting the business, 80% believe that entrepreneurship is a good career choice and 66% that the media attach due attention to entrepreneurship.

However, even for a half of the entrepreneurs in Macedonia, entrepreneurship is a necessity, and for the other half it is an opportunity. It is considered that as the country will develop, so will reduce the number of entrepreneurs driven by necessity, at the expense of entrepreneurs driven by opportunity.

Item Type:	Article
Subjects:	Scientific Fields (Frascati) > Social Sciences > Economics and Business
Divisions:	Rectorate
Depositing User:	D-r Goce Markoski
Date Deposited:	12 Mar 2024 11:33
Last Modified:	12 Mar 2024 11:33
URI:	https://eprints.uklo.edu.mk/id/eprint/9846

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