As an entrepreneur, managing director and shareholder, you deal with the topic of succession planning. This topic is an essential part of managing a company. And it is certainly one of the most difficult tasks for you, your company and your family.
We recommend that you keep this topic in mind from the very beginning of your entrepreneurial activity. This is necessary because you are not immune to the “unpredictabilities ” of life. What happens if you are out of action for some time? What others call an “emergency folder”, we call an emergency concept, because we are convinced that clear instructions for action to your environment are needed in order to be able to react to unforeseen situations.
In small and medium-sized companies, age-related succession is the central issue. A handover process takes a lot of time. And this process is complex and psychology plays one of the main roles. General experience shows that succession planning is underestimated by very many entrepreneurs and companies and is addressed too late, which can result in considerable loss of assets for the owners and shareholders.
The successful transfer of your company depends in particular on an early discussion of all essential issues. Thus, succession planning is ultimately an essential part of corporate strategy and responsible management. Succession planning includes not only age-related changes in responsibility, but also changes in responsibility due to emergencies.
THE MAK’ED TEAM advises and accompanies you on the subject of company succession. First, we analyze with you the points that are important to you for the succession in your company. We also analyze your company in order to work out the objective alternatives for action. From this we develop the possible solutions for you and your company. This will provide you with a basis for deciding whether you, your co-partners and your family would like to realize either an internal company succession or a sale, or whether you would like to pursue both options in parallel, whether you would like to hand over the management and ownership of the company, and what changes need to be achieved before your succession can be realized.
Based on your decisions, we work with you to expand the strategic objectives of your company to include the aspects of corporate succession and eliminate conflicting objectives. We translate the strategic objectives defined with you into a roadmap with actionable guidelines and milestones for further decisions. We implement the action guidelines with you and your team to realize your successful business succession.