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The long-term preparation of company succession is an essential success factor for the continued existence of your company.
As an entrepreneur, managing director and shareholder, the topic of succession planning is an indispensable part of company management. Regardless of whether you are aiming for an internal or external succession, it is important to make detailed and long-term preparations. This is the basis for your sustainably successful company succession.
The question of whether your company is ready for succession can be answered on the basis of a number of prerequisites:
Long-term and transparent financial structure
Organisational structure with distributed responsibility and decision-making authority
no investment and change backlog and
the motivations, expectations and goals of all those involved are known and clearly communicated
THE MAK’ED TEAM supports you in preparing your company succession in the long term and in meeting all the necessary challenges.
However, a certain amount of preparation should also be carried out by the successor. Whoever takes over the succession should fulfil the following points and have the following skills:
- Comprehensive training and experience in the business area of the family business
- Respect and understanding of the company’s values, guiding principles and history
- Skills in dealing with entrepreneurial challenges and change competence
- Leadership skills and experience in managing employees
- Decision-making skills
- Openness to advice from external parties as well as employees and shareholders of the company
- Expertise in long-term corporate planning
Further Information
Link zu: The Challenge of Company Succession: Successful Generational Change in SMEs
The Challenge of Company Succession: Successful Generational Change in SMEs
According to a recent study by KfW Research, around 560,000 companies will be facing management and ownership succession by the end of 2026. However, a third of these companies are planning to leave the market without a successor. And this high figure is not surprising. Succession has become a major challenge in many medium-sized companies.
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Link zu: Succession in Family Businesses – Practical Experience
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