Are you Ready?

According to the 2016 Exit Planning Institute survey of middle market business owners:

• 63% of private businesses are owned by Baby Boomers

• 80-90% of their wealth is tied up in their business

• 76% of these owners plan to transition out within 10 years and have no exit plan

• 70-78% of all businesses put on the market do NOT sell

 

Many business owners want to transfer their business to a family member:

• 70% of these owners will fail without any help

• 75% of those who want to transition have no idea what their options are

 

You may have started the business with blood, sweat & tears, but exiting successfully will take thoughtful planning. So I’ll pose the question again…

Are you ready?