Exit Planning Assessment
Most business owners struggle through the process of business transfer.
If you’ve thought about leaving your business but aren’t sure where to begin, you’re in good company. Nearly half of successful business owners expect to exit their businesses within the next five years. At the same time, the Small Business Administration notes that a significant number of U.S. businesses, nearly 40%, face ownership an ownership transition issue—and that the primary reason these transitions fail is a lack of planning.
Before deciding where you want to go, it helps to understand where you are today.