Address company succession in time
Company succession is a process and is frequently started much too late. “Oops – it’s already Christmas again“… this is how it sometimes feels when it turns out that the 73-year-old company owner is suddenly no longer able to take full responsibility for managing the business. Clever and sustainably successful availability of successors is only seldom the consequence under pressure of time.
According to a study by KfW, a German government-owned development bank, 236,000 medium-sized entreprises and a large number of family companies are planning to pass the company onto a successor by the end of next year. For 100,000 of them, however, it is not yet clear who this successor could be. The subject of company succession is a hot potato, as the company is frequently of great emotional value to the owner. Many therefore put off the solution to their succession problem. Others know that at some point they want to hand over to a family member but cannot let go. The situation is often also charged with subjects and emotions within the family.
We advise you to tackle the subject sooner rather than later, if necessary with external support. Because, after all, it concerns the future of your company and your personal financial security in retirement as to how you decide in the interests of the company.
As a family company, we know what we are talking about and where we provide advice. Sensitively moderating the process, developing clear scenarios, clearly formulating and balancing interests, finding the suitable candidates and selecting them based on a solid analysis of potential, this is our offer to you.
Are you ready to find solutions before the snow falls?