Konsultori Resource on Succession: The best evergreen knowledge pieces fished from the web. Since 2016, the archive has been growing, collecting analysis frameworks and great case studies on our specialist topics. We present the most interesting articles here so that you can read them and dive deeper.
Succession tips: Emotions should not be underestimated
Beatrice Rodenstock explains in a keynote speech on business succession that the emotional factor in managing a generational transition is more important than all economic, legal, and tax-related conditions. “Stepping into someone’s shoes is not a solution. With this mindset, succession will fail,” says Rodenstock. It is clear that “the successor will do things differently,” whether they are a family member or an external candidate. Find more insights on business succession, useful tips, and inspiring success stories from Germany here.
Business Succession thanks to the Cooperative Model?
Whether for economic issues, housing solutions, or social topics, Germany offers cooperative solutions for many areas. In Austria, the cooperative model is used less frequently, but it could be particularly interesting, especially in relation to business sales.
Award-Winning Business Succession as a Trust Model
The long-prepared business succession proved beneficial for GGS Holzbau in many ways, not least because of the “Swiss Next Challenge” award, which stands for sustainable business succession. Rolf Gasser founded the company in 1982 and has adopted the trust model for the succession concept. A four-member team will take over the management succession. Read more about the award-winning business succession here.
Where are the Entrepreneurs Seeking Succession?
Another study, almost as annual, attests that Austria has around 90,000 companies facing succession because the owners are ageing. Where are all the future entrepreneurs who would like to take over the businesses?