Family Business: An alternative solution to the succession issue

A third of SME owners are aged over 60, many with no obvious successor. Rob Forsyth of Elevate Capital has an alternative plan

Rob Forsyth of Elevate Capital says business owners can see the value of 'Entrepreneurship Through Acquisition' — connecting seasoned talent with established businesses.

Demographic shifts are reshaping the landscape for family businesses, with a growing number of owners nearing retirement without a clear successor.

In Germany alone, over 31% of SME owners are now over 60 years old, with similar trends occurring in Ireland. Recognising this challenge and striving to be part of the solution, Rob Forsyth launched Elevate Capital in early 2024.