Eberhardt's radical decision to have his employees buy out iteratec highlights a growing trend among SMEs in Germany facing succession challenges as generational shifts occur.
Nearly 70% of SMEs in Germany view ownership succession as a major challenge, reflecting a crisis in traditional business succession methods amid demographic changes.
The shift in attitudes towards inheriting family businesses is striking, as many heirs now perceive this responsibility as a burden rather than an opportunity.
With a significant portion of business owners over 60, the challenge for the German Mittelstand is amplifying, risking the future viability of many family firms.
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