Do you have an Exit Strategy or Succession Plan?

  • Will it be to sell it? To whom?
  • An outside buyer or an employee?
  • Will you have a relative take over?
  • Is it to be an "Absentee Owner"?
  • Will you close the doors?

Haven’t Considered it yet?!

Let Me Give You Some Statistics

Baby Boomers Dilemma

There are some 12 million baby boomers who own a business, and 80% of them will want to, need to or will be retiring over the next 5- 10 -15 Years.

Up to 90% of their net worth may be tied up in the business. There are 40% fewer potential buyers for your business. Generation X is 40% smaller than the Boomer generation.

Millennials?

80% of Millennials say the stress of owning a business is too high!

Family?

82% Say they want the money from a Sale, not interested in running it.
89% of Business Owner family members are NOT interested in the business.
21% are not qualified according to the owners.