Germany's Entrepreneurs Face Succession Crisis: 106,000 Business Transitions Planned
German entrepreneurs face a significant challenge in the coming years, with around 106,000 owners of small and medium-sized enterprises planning to hand over their businesses annually between 2025 and 2028. Succession planning, a crucial process, is often hindered by uncertainty, emotional overload, and fear of making wrong decisions.
Entrepreneurs are advised to analyze their situation with professional support and emotional distance to maintain control of the transformation process. Succession should be understood as an entrepreneurial process considering the interests of various stakeholders. An objective assessment of the company's economic situation is the starting point for succession planning.
Three paths should be realistically weighed: maintaining the status quo, transformation with succession planning, or company sale. Many businesses lack structure, clarity, and final courage for a consistent transition in succession planning. Uncertainty and emotional overload can lead to delayed planning, risking the life's work and the future of the entire company.
If no future-proof succession is in sight, entrepreneurs need an exit strategy, considered early and actively designed. A company sale should never be an act of desperation, but a self-determined, strategically controlled step.
With approximately 106,000 business transitions planned annually in Germany from 2025 to 2028, entrepreneurs must approach succession planning with a clear, structured approach. Seeking professional support and considering the interests of all stakeholders can ensure a successful transition, whether through maintaining the status quo, transformation, or a strategic sale.
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