Planning corporate succession: When is the right time?

For most owners, succession planning is a big and emotional challenge, because it means handing over their life's work to new hands. This is one of the reasons why many Swiss entrepreneurs put off succession planning and close their eyes before the task at hand. But those who initiate the process at the appropriate time save a lot of money and get better results. But when is the right time to start planning the company's succession? And how should the company be prepared carefully for the handover?

 

A successful succession plan usually takes a few years. It is therefore highly advisable to address the issue of an internal or external succession plan at an early stage. An advantage of a pro-active handling is that financial aspects of the owner's private situation can also be included and optimised.

 

A company's succession planning is a strategic task. Therefore, start with the implementation five years in advance.

 

First and foremost, the initial situation and the market value of the company must be correctly analysed. In a second step, the goals of the company and the owners must be harmonised. Our experienced M&A consultants are aware of potential pitfalls of a corporate transactions and can help to address the complex tasks and to initiate appropriate solution measures in a targeted manner.

 

As an owner-managed company, we are committed to our customers in a pragmatic and solution-oriented manner. FTS Consulting AG stands for top performance coupled with passion and commitment. We always strive to generate tangible and measurable added value.

 

FTS Consulting AG, 22.06.2022