Vital statistics to know about exiting…

  • 100% of owners will exit their business eventually

    The key is on whose terms will that exit happen?

  • 63% of owners plan to transition over the next 10 years

    This represents a potential wealth transfer of nearly $12 trillion. (2023-2033)

  • 99% of owners agree with this statement:

    “Having a transition strategy is important both for my future and for the future of my business.”

  • 79% of owners have no written transition plan

    The general assumption is they will do it later, often waiting until it is too late.

  • 94% of owners have no written personal "3rd-Act" plan

    One of the biggest mistakes of owners is not clearly articulating what life will truly be like after the exit is finished.

  • 76% of owners who do sell regret it within one year

    Why? Because they didn’t take the time to plan for their lives after the sale.

  • 49% of owners have done no planning at all

    If the sale of the business is important for financial/retirement reasons, planning is essential.

  • Over 70% of businesses either never sell or sell for less than desired

    This is a direct result of not planning far enough in advance.

  • 50% of business owners exits are involuntary

    The cause of this is related to the “5 D’s” and must be accounted for.

  • Only 30% of family-owned business will successfully transition to the 2nd generation

    And only 12% survive to the third. Planning is crucial.

  • 60% of owners do not understand their exit options

    That is why a Trusted CEPA Advisor can be so critical to the plan.

  • 80% of the average owners wealth is tied up in their business

    Selling for a premium is a must for many owners.