In Denmark, a generational change is expected to be a reality for more than 100,000 Danish companies within the coming 10 years due to e.g. early retirement and regular retirement, which leads to the need for someone to take over the ownership of the company. Therefore generational change is a very relevant and important process to consider.
When facing a generational change a thorough planning and problem free execution are crucial in order to maintain the company’s value and ensure continuous growth and future development. At Consilio Partners we have great experience in assisting clients in this process and completing a successful generational change.
In our work with companies facing a generational change we provide assistance in the entire process and help you make the right decisions and make sure no important considerations are neglected. A typical process will normally follow these steps:
- Considerations on the change; the motivation, the consequences, the people involved, etc.
- The preparations; of the company and the people involved
- The execution
- And the post-change integration; how to ensure the company’s continuous growth and success after the implementation
During a generational change it is not only the company’s assets that are handed over to a new owner; you also need to take into consideration the personal relations to the customers, the loyal employees, the suppliers, and the partners. Thus, the process of a generational change can be complex and full of tough decisions that require your attention and therefore it can prove a great advantage for you to seek assistance from a professional and reliable advisor.
Let us help you execute a successful generational change and facilitate future growth and success. Send us a message through the contact form at the right panel or contact Jacob Therkelsen directly on (+45) 32 47 33 01.