The success of our economy is shaped by countless enterprising individuals who create and secure jobs with creativity, perseverance, commitment, and a high propensity for risk. They perform this work as entrepreneurs without particular incentives or a golden parachute and they do so consistently.
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Approximately 20,000 jobs are lost in Switzerland each year due to unresolved or failed corporate successions in small and medium-sized companies. This is due in particular to the failure to transfer companies within the family or external succession solutions that are not implemented. Not included in these figures are innumerable failed succession arrangements that finally result in a more or less precipitous sale of a company, thus allowing a life’s work to disappear from the market.
While ten years ago approximately 2/3 of all succession arrangements were still resolved within the family, the figure is now roughly 50%. The fear is that this figure will dwindle to approximately 1/3 internal family succession arrangements for small and medium-sized firms in the next few years!