Business Succession: Starting Your Exit Plan
Running a business is quite challenging. But successfully exiting it may be even more so.
Only 30% of family-owned businesses succeed in transitioning their business to the second generation.
And even more sobering – only 10% succeed in making it to the third generation!
Most business owners will rely on the sale of their business to fund a major portion of their retirement, so the success of your Exit Plan will greatly impact your future.
If you plan to transition your business to other family members, the effectiveness of your Exit Plan also will impact your family’s future and whether the family business continues to succeed.
The best way to beat the steep odds facing family businesses in transition is to work with a Certified Exit Planning Advisor.
Concannon Miller has helped many business owners successfully transfer their companies. Find out how we could help you during a complimentary 30-minute Exit Plan consultation. Fill out the short form on the right and we will be in touch shortly.