Business Succession

For many family business owners, the question is not whether they will eventually leave the business, but when they will do so and who will take over after them. Failing to establish a succession plan in a timely manner can lead to uncertainty, family conflicts, and a loss of value for the company.

Successful succession requires careful planning around ownership, management, and the role of the next generation. When the successors are unwilling or not ready to take over the business, it is important to consider alternative solutions such as professional management, bringing in an investor, or selling the company.

Synergy Group advises family business owners on the preparation and implementation of succession strategies designed to ensure continuity and preserve the value they have created. The topic is also explored in detail in the book by Synergy Group founder Kaloyan Kirilov, Who Will Inherit My Business?, which focuses on the challenges faced by Bulgarian family-owned companies and the solutions available to them.

The topic is explored in detail in Kaloyan Kirilov’s book ,,Who Will Inherit My Business?“.