Will Your Legacy Last? Could YOU be Losing 75% of Your Business's Value?

If you don’t plan your exit, someone else will — and chances are, you won’t like their plan.

Think about it: your business is likely your biggest asset, the result of years (or decades!) of hard work, late nights, and maybe a few too many cups of coffee.   

Waiting until the last minute to plan your exit is like cramming for an exam at 3 AM — technically possible… but let’s just say the results won’t be pretty. 

Could YOU be losing 75% of your business's value?
Without proper planning, the answer might be a hard yes!

• The sale or transition of a business will likely be the single largest and most important financial transaction of a business owner’s life………and its level of success will impact the rest of their life in retirement.

• Mapping out a successful plan to exit the business can help business owners:

  • Avoid unnecessary or excessive taxes

  • Minimize risk during the transition

  • Realize the full value of their life’s work

• In recent years, only 20 to 30% of businesses listed for sale ended up being sold……And many of them did not sell for what the owners initially thought they were worth.

• The key to exit planning is that it isn’t actually about the exit itself…….it’s about the planning for the exit…..the staging process that leads to a happy ending for the business owner, bringing them maximum value for the business when it’s sold.

• 63% of private U.S. businesses are currently owned by Baby Boomers

• The average age of Baby Boomers is now 60 years old

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

• 76% will transition these businesses within 10 years, 48% within 5 years

• 4.5 million businesses…….$10 trillion of wealth……..to be transitioned/exited in the next 10 years

• 76% of those owners aren’t aware of or don’t understand their transition options

• 88% do not have a formal transition team in place

• 86% have no formal education or training related to business transition

• 50% have no plans regarding what they’ll do post-business transition/exit

 Need a guide for your exit journey?