From our members’ experience, we know precisely that more and more entrepreneurs are confronted with the question of succession in their company, and are forced to gather information on the options they have. When providing for succession in a company, the actual value of a company is often not the sole important factor; instead, the personal wishes of the entrepreneur passing on the work of his/her life and thus his/her own values are predominant.
Handing over one’s life’s work is one of the most important and probably also most fundamental decisions of an entrepreneur, no matter if succession is within or outside of the family.
Brokersclub is aware of how serious such a decision is, and therefore develops the best possible integrated provisions for succession to secure the company, its values, financial independence of the person handing over and best future for the respective successor and his/her new company.
Succession therefore should be prepared in time and substantiated, completely aligned with the conditions and circumstances. In case of a generation change within the family, many questions should be asked to prevent succession failing even after years due to un-clarified emotional questions, as it happened in about 85% of the failed corporate successions.
To get your company truly ready for the future, your employees must be integrated in the succession process. There must be true clarity and agreement on who does what and when, in detail. All legal and tax matters need to be taken care of.
Often, however, succession within the family is not possible, and alternatives must be used. Again, decisive questions (due diligence accompanying, value determination of the company, drawing up a sales strategy, clarification of legal and tax aspects) must be handled in advance so that possible sales to another company can be performed.
Brokersclub will gladly support you in your intended generation change or sale of your company. We can make use of the corresponding network, competences and experienced employees to work with your requirements in a targeted manner and use them under the best of conditions for you and your life’s work.