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State of Owner Readiness Report

Did you know that according to the State of Owner Readiness, 99% of business owners agree they should have a written exit plan?  Yet only 9% of surveyed business owners have a written exit plan – why is that?  I think it is because they haven’t had someone to guide them to answering three critical questions.  [State of Owner Readiness, Exit Planning Institute Twin Cities Chapter, 2017]

 

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The 8 Exit Strategies for Business Owners

  1. Transfer the company to a family member.
  2. Sell the business to one or more key employees.
  3. Sell to employees using an employee stock ownership plan.
  4. Sell to one or more co-owners.

What are the other 4?

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