It is never too soon to begin planning your pathway for a successful transition. Have you ever imagined transitioning from your business? Or daydreamed about selling your business? Where do you see your future? Over 80% of owners expect to transition from their business within the next 10 years. Did you know:
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There is a high rate of failure (70%) in family-owned business transitions to second-generation owners
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When surveyed only 40% of business owners felt that their transition was successful
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Have you done all that you can to make your business as successful as possible to ensure a healthy transition?
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Do you know what your business is worth from a buyer’s perspective, and are you mentally and financially ready to make the change?