Perheyrittäjät

Perheyrittäjät is a Finnish term referring to family-owned and family-managed businesses, typically owned and governed by members of the same family and often spanning multiple generations. The concept is used in business discussions, research, and networks that support such firms in Finland. It describes a common corporate form in which ownership and leadership are closely linked to family ties.

Key characteristics of perheyrittäjät include a strong emphasis on continuity, long-term planning, and preservation of the family’s values and culture within the business. Decision-making may be influenced by family dynamics, and the approach to growth, risk, and reinvestment can reflect intergenerational perspectives rather than short-term financial targets. These firms operate across various sectors and range from small local enterprises to larger, multi-generational companies.

Governance and succession are central themes for perheyrittäjät. Many family firms establish structures such as family councils, formal succession plans, and defined roles for family members. Some also appoint independent boards or external advisors to professionalize operations and reduce the potential for family conflicts, ensuring smoother transitions between generations.

Economically, family-owned businesses contribute to employment, regional stability, and long-term value creation. They often emphasize local ties, community involvement, and a focus on sustainable growth.

Challenges commonly faced include succession planning, professionalization of management, access to capital, and balancing family interests with business needs. Strategies to address these issues include developing written governance structures, clear ownership arrangements, merit-based management appointments, and external advisory support.

In Finland, there are networks and organizations that support perheyrittäjät by providing resources, training, peer learning, and forums for exchange on governance, succession, and strategy, helping to sustain family firms across generations.