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Richard Birich, CEO of JUCR, shares his insights on the realities of entrepreneurship: "In my opinion, there are two essential things I wish I had known before starting the company: how to use the scarce resource of time wisely and how to fundraise effectively." Explore the founder's journey with JUCR in this article by Deutsche Startups. #Entrepreneurship #StartupLife #FounderTips

Switzerland has a large number of Single Family Offices. A study now highlights their importance for the Swiss financial center and points out some issues. #castlefamilyoffice #swiss #gold Secrecy is inherent to the nature of Single Family Offices. Another hallmark is their economic power: Single Family Offices manage vast fortunes. In the industry, they are often referred to as a sleeping giant. Assets Under Management (AuM) of CHF 600 Billion This description fits quite well, as a study by the Swiss Institute of Banking and Finance at the University of St. Gallen (SBF-HSG) commissioned by the Swiss Single Family Office Association (SFOA) shows. It concludes that the net assets of Swiss Single Family Offices (SFO) amount to 600 billion Swiss francs, including stakes in family-owned businesses. By comparison, external asset managers (EAM), including Multi Family Offices, managed assets of around 500 billion Swiss francs. The study also shows that Single Family Offices are a young industry. Unlike SFOs abroad which often serve a family over many generations, most Family Offices in Switzerland primarily serve the first and second generations. Many Single Family Offices are Backed by SME Companies For the study, 220 Single Family Offices based in Switzerland were contacted, and 70 responded. The association estimates that there are between 250 and 300 SFOs in Switzerland, so the responses represent about 25 percent of the industry. It is also noteworthy that 70 percent of the surveyed SFOs are backed by a family business, mostly SMEs. This underscores their significance as an economic factor. In 70 percent of Swiss Single Family Offices, the family is actively involved. «Single Family Offices are an essential part of the DNA of the entrepreneurial country Switzerland,» says Kurt Moosmann, President of the SFOA, in an interview with finews.ch.

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Today on T-Online (in German, sorry ;): How the U.S. election and the collapse of the German governing coalition makes a compelling future vision for Germany and investing in its future even more urgent. #germany #europe #innovation #startups

It’s time to future-proof Germany’s economy, and talent is the key. We will be left in the past if we don’t break free from our short-sightedness and embrace a more forward-thinking national talent strategy. I've been following the public debate around the "fairness" of tax benefits for highly-skilled foreign workers, and I feel compelled to weigh in. As the leader of a homegrown tech company, I know two things about our highly-skilled team: It’s our greatest asset, and building it in Berlin has been one of our hardest challenges. It’s been hard because Germany simply doesn’t have the talent pool required to build a company like GetYourGuide. We should make long-term investments in education to change this, but that will take decades to bear fruit, and our economy’s need is acute. There is a better way, and it will bring immediate economic benefits to *all* taxpayers: Attract highly-skilled talent to Germany with tax incentives. Here’s why: 🌍 Global talent is mobile: The best minds have options, and they're choosing countries that offer the most attractive packages. We need to be in that race. 🏢 Talent fuels innovation: Our burgeoning tech community requires a constant influx of specialized skills to thrive and scale. Without them, we risk stifling our own potential. ⛵ A rising tide lifts all boats: By attracting diverse, skilled professionals, we inject fresh ideas and perspectives into our economy. This isn't just about tech – it's about future-proofing every sector. 🇩🇪 Germany can lead: We already have world-class quality of life and a strong social safety net. With the right incentives, we can position ourselves as Europe's premier destination for global innovators. It's time to lean into our advantages. 🌱 Investing in the next generation: This isn't just about today's economy – it's about securing our children’s future prosperity and well-being. Germany must transition away from its manufacturing-centric past – our society depends on it, and the planet demands it. This isn't about giving unfair advantages. It's about recognizing that in today's interconnected world, talent flows where opportunity calls. Countries like the Netherlands and Italy have already implemented such measures with great success, but this fact is completely absent from our German debate! It's time for Germany to make a bold move and create the conditions that will attract the world's brightest minds to our shores. First, we need to ask ourselves: Do we want to lead or be left behind? [Article in German 🇩🇪 ] https://lnkd.in/dXnYbVie Verena Pausder Christian Miele Christoph J. Stresing Robert Habeck Christian Lindner Verena Hubertz Startup-Verband KI Bundesverband German Federal Association of the Digital Economy (BVDW e.V.)

According to a study by the Halle Institute for Economic Research (IWH), the number of company bankruptcies in Germany skyrocketed in October: 48% more than a year earlier - and also the highest October figure in 20 years(!). The figures are also 66% higher than the average October figure for the years 2016 to 2019, i.e. before the Pandemic.

🚀 Empowering the Start-up Scene through Tax Reform for Employee Participation I'm thrilled to spread the word about our feature in "Börsen-Zeitung", with Dr. Frank Betz and myself shedding light onto the Future Financing Act, a pivotal move to bolster employee stock ownership. Vital Insights You Shouldn't Miss 🗝️: ✅ Increased tax-free allowance: The allowance for employee participation has been raised from €1,440 to €2,000 per year. ✅ Deferred taxation option: Employees in start-ups can now benefit even more from tax deferrals, with the period extended up to 20 years after incorporation and the option to defer taxes from 12 to 15 years. 🔁 ✅ Limits? 🔍 Yes, companies must not exceed 1,000 employees and an annual turnover of €100 million or a balance sheet total of €86 million. In addition, the new legislation⚖️ prevents the "Dry Income" phenomenon, as it now also includes restricted (registered) shares and shares granted by shareholders. 💡 These updates are a crucial step in enhancing Germany's attractiveness as a start-up hub and in competing in the global talent race. Dive deeper here: https://lnkd.in/dC4_qkkg Keen to hear your perspective – jump in on the discussion below! Share your insights, and let's discuss how these changes can shape the future of our vibrant start. - Disclaimer -  This post reflects personal experience and general knowledge. It's neither meant as advice nor a professional opinion. Given that everyone's situation is unique, consider seeking personalized advice tailored to your circumstances. 💡

Reinhold Würth, a globally recognized and successful 88-year-old German entrepreneur, recently made a bold move by sharing this letter with the staff of his company, engaging them in the public and political discourse. In his letter, he emphasizes the importance of taking action, stating that while one can lose a lot, one cannot win without action. He demonstrates that mere opinion without action is hollow. Let’s take inspiration from his proactive approach to making a difference!

#germany #germaneconomy #familyownedbusiness Germany's economy is built on "deutschem Mittelstand" (the middle market companies), mostly in private hands. Here are the 100 largest family businesses in Germany 🇩🇪, the country's growth engine. Despite challenges around Europe and Germany, these mainly family-owned companies achieved a combined turnover of 1.6 trillion Euros in 2023. That is around 100 billion Euros or 6% more than one year earlier. Read more here 👇 https://lnkd.in/dhkh7MQF #deutscherMittelstand #economy