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Successfully shaping succession
Succession in a medium-sized company means taking on responsibility – for both the predecessor and the successor. It is the foundation for the company's future and secures a life's work.
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Succession in a medium-sized company means taking on responsibility – for both the predecessor and the successor. It is the foundation for the company's future and secures a life's work.
Succession involves the transfer of responsibility and ownership. It also affects the future of the company, its employees, and the entrepreneurial family. Whether internal or through an external solution, the key is to make the right decisions in good time and set the course for the next generation.
Business succession begins long before the company is actually handed over. It requires a clear articulation of the owners' intentions regarding how the company should be managed in the future. This leads to preparing the company, developing the successor, structuring ownership and responsibility, and securing the transition from a legal, tax, and organizational perspective. Family, corporate culture, and the long-term future of the life's work play a central role. We know that succession is not a single event, but a process that brings together all relevant perspectives, ideas, and wishes, setting the course for future generations early on.
Would you like to talk about succession?
Schedule an appointmentFirst, we establish a situational overview, set goals, and define the project scope to ensure a clear mandate.
In the second phase, we conduct an as-is analysis, define potential opportunities, and formulate solutions tailored to the diagnosis.
Next comes the change phase, involving a concrete package of measures that we implement practically based on a timeline.
The fourth phase involves impact monitoring and ensures success by stabilizing measures with final documentation.
If internal family succession is not an option at the operational level, hiring external management is a viable alternative for keeping the company within the family.
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The roadmap outlines the key steps of an external business succession and guides entrepreneurial families from strategic preparation to a successful handover.
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Is your company ready for a sale? This checklist helps you realistically assess your current situation and identify key areas for action early on. From financials and value drivers to processes, leadership, contracts, and compliance, you will receive clear guidance for structured preparation.
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Published in December 2022 in Econo magazine (issue 5/2022); our Managing Partner Martin Auer describes how succession planning is an essential component of sustainable corporate management for companies in all stages of their lifecycle.
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Published in the May 2025 issue of the IHK Karlsruhe magazine WIMA (Issue 5/2025); our Managing Partner Ann-Katrin Hardenberg explains how companies can proceed when the next generation does not want to take over the business.
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Get in touch! After a personal consultation, you will know exactly what THE MAK'ED TEAM can do for your company.