May 24, 2024

Wanted: German entrepreneurs

German companies facing a demographic and cultural challenge.

German economists and entrepreneurs keep talking about a shortage of skilled workers. And rightly so. The lack of staff is slowing down the economy. Another shortage is perhaps even more threatening: a lack of entrepreneurs. Almost half of all entrepreneurs are older than 55. The ageing population is particularly evident in entrepreneurship.

The environment for successful company successions must become more attractive. Simply put, this means letting entrepreneurs be entrepreneurs, again. First of all, this requires cutting back on the proliferation of paperwork, which is being forced by ever more extensive rules and reporting obligations. The time spent on bureaucracy is not spent on strategic corporate management and on preparing the company for the future.

More in the latest issue of Kraemer’s To the point: