How NEXTRA Strategy Is Solving Germany’s Succession Crisis for Business Owners
Germany faces a looming challenge with tens of thousands of companies potentially closing down due to a lack of successors in the coming years. This raises concerns about market offerings, competition, and consumer choices. Enter NEXTRA Strategy, a consulting firm led by Steven Manja, offering a proactive and structured approach to succession planning for my business.
NEXTRA Strategy takes a proactive stance, supporting clients well before the meta sale process begins. It adopts the buyer's perspective to ensure a seamless transition. The firm guides entrepreneurs through five structured steps to achieve their desired succession outcome.
The Exit Ready Platform, a proprietary tool, allows business owners to independently track and manage their progress in succession planning. This platform is a testament to NEXTRA Strategy's commitment to providing customized solutions for each business.
Many business owners struggle with the expertise required for a successful sale and effective succession preparation. NEXTRA Strategy addresses this by offering meticulous preparation, which is key to a smooth transition. A service-sector entrepreneur, who sought NEXTRA Strategy's guidance, was able to secure their financial future and remain actively involved in their business through a partial sale.
With 28 percent of businesses already considering closure due to successor shortages, the need for succession planning is urgent. NEXTRA Strategy's proactive approach and structured process can help businesses navigate this succession challenge, ensuring a secure and profitable transition. Failure to do so could lead to lost market offerings, impacting the economy, competition, and consumers.
