If there’s no suitable successor within your family or company, transferring your business to an external candidate is a viable option. But choosing the right person requires more than assessing managerial skills or business aptitude—it also involves evaluating personality, cultural fit, and other factors that can’t be judged quickly.
We recommend starting with a contract-based arrangement for candidates with management experience. By working alongside the current owner and employees, both sides can build mutual understanding and trust. This trial period can then lead naturally to formal employment or the transfer of management rights. It’s an effective way to prevent mismatches and select a successor with confidence.
Reassurance for Successors, Confidence for You
Succession is also a significant decision for the successor. Beyond the financial investment of acquiring company assets or shares, it can shape their entire career.
When making such a decision, it is natural for the successor to want to experience your company firsthand, rather than relying solely on meetings with the current owner or external asset valuations. Our business succession support provides the clarity and reassurance they need—making your business more attractive to top-tier candidates.
Our Approach
Looking for a Successor?
Get in touch with us to explore further.