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It's one of the most popular subjects in the Italian business sector right now. Over the next ten years, about 2 million Italian firms will go through a generational transition, which has historically been crucial to the continuation of the national productive fabric. The numbers are very impressive. Family enterprises account for 70% of the national productive fabric, and in nearly 60% of situations, the strategic know-how remains in the hands of the founder—often an entrepreneur over 60. Only two out of every ten entrepreneurs' children plan to continue the family firm. However, performance data is encouraging: among companies with revenues more than €20 million, family businesses outperform non-family enterprises across all metrics. The issue is not competitiveness, but transmission: just 30% of family firms survive to the second generation, 13% to the third, and 4% to the fourth. To address this difficulty, Confindustria created a nationwide roadshow this year focused on the economic, fiscal, legal, and interpersonal aspects of generational transition, which included corporate visits and case studies.
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