It is estimated that there are around 400 business owners exiting their business every hour across USA, United Kingdom and Australia, many of which will not achieve a successful exit.
Most business owners spend their time working in their business who end up spending little time working on how they would eventually exit their business.
They found themselves with limited options to achieve their exit objectives by being too late with their exit and succession planning due to their failure to properly plan for their transition and exit.
Strategy takes time and by rushing your exit, it reduces the options available to design and implement the most appropriate strategic exit.
According to Exit Planning Institute's President Chris Snider, 80%-90% of baby boomers' wealth is tied up in their business and 55% of all business exits are due to death, disability, bankruptcy, receivership, divorce, partnership dispute, liquidation and simply closing the doors.
(source: Institute of Public Accountants, NSW/ACT Public Practice Symposium April 2017)
Can you relate to these statistics and want to know how to build more value in your business to help fund the next phase of your life? Our Value and Exit Max Coaching Program has you covered.