Business owners, have you considered your exit strategy? Planning for the future is crucial to ensure a smooth transition when the time comes. The reality is, every owner will exit their business at some point. Whether it’s retiring, a sudden attractive offer, or unforeseen circumstances, having a plan in place is key.
A recent survey by the Exit Planning Institute revealed that for 70% of business owners, their business provides the majority of their income, with 64% needing to leverage the business’s value to live post-transition. With so much of their wealth tied to the business, a successful exit is vital.
Exit planning not only enhances your business’s value upon exit but also boosts its performance today, increasing your income and independence. Check out the linked article for insights on exit planning and feel free to reach out for guidance on your own exit strategy.