Over the next two decades, there will be 10 trillion dollars of wealth transferred as business owners enter their retirement years and start to sell.
“Unlocking this wealth in a business is or should be of paramount importance to all business owners if for no other reason than that 80–90 percent of most owners’ financial assets are bound up in the business itself. The ability to monetize this wealth at some point will have a significant impact on the owner’s financial security and lifestyle once he or she exits the business. Failure to provide for the continuity of the business affects not only the owner’s personal wealth and that of his or her family, but that of all other stakeholders who depend on the business’s successful transition.”
– The State of Owner Readiness Market Study, The Exit Planning Institute