Facts & Figures on Business Succession in Austria
Austria is home to many successful companies that not only contribute to the stability of the national economy but are also internationally recognized. The issue of business succession arises for many entrepreneurs, particularly for family-owned businesses, which are often run across generations. This transition is not only a business challenge but also an emotional one for many senior business owners.
Current Situation Regarding Business Succession
Number of affected businesses: In Austria, approximately 30,000 businesses will face succession in the coming years. These businesses employ a total of over 500,000 people and are an essential part of the Austrian economy.
Demographic trends: Many business owners belong to the baby boomer generation and will reach retirement age in the coming years. This is leading to a significant increase in the number of companies seeking successors.
Intrafamilial Succession: Approximately 70% of business successions in Austria take place within the family. Nevertheless, fewer and fewer family members are willing or able to take over the business, which increases the need for external succession solutions.
Support for Business Owners in Austria
To address the challenges of business succession, various support services are available:
Consulting Services: The German Business Exchange (DUB.de) offers comprehensive information and consulting services for business owners looking to sell and potential successors. This platform assists with planning and implementing a successful transition and enables sellers and buyers to connect in a targeted manner.
Networks and Incentives: In Austria, there are numerous networks of M&A advisory firms and business organizations that can support entrepreneurs throughout the entire succession process. In addition, successors benefit from attractive incentive programs.
Digital Platforms: DUB.de makes it easy for sellers and buyers to connect with one another. This digital solution significantly simplifies the search for suitable successors or acquisition offers.