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InsightsBusiness Succession

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Business Succession

Family-internal or external succession, the five-year lead time and preserving the company beyond the handover — the human side of the transaction, properly planned.

263 articles
Letter of Intent with a Chessboard
Business Succession

Letter of Intent (LOI) in the Purchase or Sale of a Company

The LOI is crucial for successful SME transactions. Read on to learn how buyers and sellers can secure negotiating leverage and avoid pitfalls.

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Seven gears on a solid-color surface
Business Succession

Why business succession isn't a project for retirement, but rather requires actively shaping the future

What poses the greatest threat to a successful small-to-medium-sized business? Often, it’s not the competition, but an invisible threat: an unresolved succession issue. For many business owners in their mid-50s and older, this issue looms ever closer, yet it’s often put off. True to the motto: “I’ll have time for that later.”

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A conversation between two consultants in the office
Business Succession

Putting the Other Person First: The Key to a Compelling Conversation

Understanding your partners’ point of view is the key to your success. In the business world, we face situations every day that require us to persuade others—whether they are customers, employees, investors, or business partners. All too often, however, these conversations do not end with the desired outcome and leave both sides feeling frustrated and exhausted.

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