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Facts about business in the Czech Republic, which will not let you fall asleep

Czech mass media more and more often write that local entrepreneurs, having reached retirement age, do not know to whom to transfer their business. The lack of a successor forces them to sell the business.
Facts about business in the Czech Republic, which will not let you fall asleep
Now in the Czech Republic there are about 300 thousand enterprises. Most of them appeared after the velvet revolution, and this is a family business. Usually these companies have a long history, and their owners are experts in their field. But with the age of health and strength on their own business there is less and less. Then begin the search for a successor. And if it is not in the family, then it is necessary to consider other options for the transfer of business.
The statistics are as follows: often the children of the company’s founders do not show interest in the cause of the parents. All this led to the fact that business owners are ready to sell it, if there is a profitable offer. This is confirmed by the research agency Ipsos. According to him, 58% of respondents agree to consider the sale of their company upon receipt of a profitable offer.
Why children of businessmen do not accept business by inheritance
A successful company manager must have a number of important skills and a certain amount of knowledge. It is possible that entrepreneurship was not part of the interests of the heir, so he can not become a leader.
Selling a family business to a person from the outside in such a case will become a guarantee for the former entrepreneur that in old age he will be financially secure.
We will not deny that many companies are on the ground of stable demand, but in most cases they do not at all develop their potential. And all because of the fact that people of the old school are usually poorly understood or do not use modern marketing tools at all. Therefore, young entrepreneurs have all the chances to support the growth of the company and overcome recessions.
Support for small and medium businesses in the Czech Republic
In our practice, there are situations when a buyer appears for a particular company, but he does not have enough money to carry out his plans. It is necessary to take into account the realities of today’s economy in the world and, in particular, in the former Soviet republics. Nevertheless, the lack of money is a problem solved in the conditions of the Czech economy, especially if there are necessary contacts.
Getting a loan on favorable terms is a standardized process, and with proper support, consideration of the application in some cases takes about a week. In 2012, Czech banks issued 62 billion crowns in business loans. With a loan amount of up to 30 million kroons, the rate was 3.04% per annum, with an amount over 30 million kroons, the rate could be 1.94% per annum and even lower.
According to statistics on the development and support of small and medium-sized businesses (from 2010), for every 100 residents of the Czech Republic there are 21.2 entrepreneurs. The sector of small and medium business in the Czech Republic is up to 99.98% of the number of active companies. Together, they create more than 2 million jobs and employ 61% of the Czech population.
This statistic gives a clear idea of ​​how important a small and medium business plays in the socio-economic sphere of the Czech Republic. The conditions for the development of entrepreneurship are very comfortable here (learn more).
The process of buying a business in the Czech Republic
A business buyer invests his money and time in it and deservedly wants to get a return. Intending to acquire a business, remember the reliability of the transaction. It is important to understand that the procedure of marketing, financial and legal expertise is a field for actions of at least 2-3 specialists. In some cases, it is necessary to additionally involve experts from a particular industry. Then you need to arrange the transaction correctly, and lawyers are working on it. Must be clearly marked responsibility from the seller.
Therefore, if you have serious intentions to buy an operating business, it is better to seek help from specialists. Practice shows that such costs themselves pay off. You will always be in the know, will know about the course of all legal processes until the completion of the transaction.
They don’t buy a business every day, so they have to spend time and money on it. The only question is how much. If you want to save your resources and be confident in the result – contact the agency InBas e, which sells ready-made business in the Czech Republic and Slovakia.

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