Can family businesses take hold in Russia?

Can former communist economies develop strong family business sectors? So far, there is no clear answer. In some ex-Soviet countries, there appears to be a strong dynastic will, or desire to pass a business on down the generations, among entrepreneurs, but in others this is less apparent.

Historically, Russia has been a place where money can be earned rapidly and entrepreneurs enjoy a lot of opportunities. Nevertheless, most of these entrepreneurs are focused on building their businesses and do not think about succession. Continue reading