How do you prepare for the transfer of your company?
The question of transferring a company will arise sooner or later for all company owners.
Having a specialist accompany you in this process is an asset for successfully concluding this transaction without losing sleep and under optimal conditions.
Eva Joss, an expert in the valuation and transmission of companies at the Swiss company Dimension SA, talks about her experience.
Where should one start? The first step in business succession planning is for the owner to set a time frame and a clear strategy. I generally suggest that entrepreneurs who have not yet had the time to think about this issue start with a comprehensive 360° analysis.
What does the 360° SME analysis that you offer consist of? It is a confidential assessment that can be used to plan the future transfer of the company. This includes a comprehensive analysis of the financial, legal and organisational aspects related to the succession. The specific implications for each stakeholder: shareholder(s), management team, legal entity, is identified in this methodical process.
Who is this analysis aimed at? This service is intended for owners who are not yet clear about the challenges and how to proceed. Many company owners plan for the long term and are already asking themselves questions about the transfer of their company when they are not even considering its transfer or even a complete sale in the near future.
How does this process work? The analysis begins with an individual discussion lasting several hours. The discussion is conducted according to a checklist developed on the basis of our 25 years of experience in advising business successions. We then prepare an overall analysis of the current situation of the company and the management for the owner, as well as an estimate of the company's value, so that he can start thinking concretely about the succession. Armed with this information, the entrepreneur can then plan the next steps. This also gives him an overview of the available options and allows him to approach the transfer of his business with peace of mind. The key word is "plan ahead".