"Only one in 15 small businesses sold today will result in the owner realizing any equity. Family-owned businesses fare better, but still only three in 10 succeed into the second generation. Ten million baby-boomer-run businesses will come to market by 2025, only 20 percent of which will be successfully acquired. Eight million small businesses owners will walk away with nothing.
No matter where one's tendencies lie along the "serial-to-career" outlook continuum, a small business is often the largest asset in an owner's estate. If you are banking on your business to establish wealth for retirement, heirs or another venture, it is time to take a macro-view."
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Small-business exit planning: It's not a fire sale:
For additional information regarding Florida business sales, acquisitions and valuations, please contact Eric J. Gall at info@buysellflbiz.com or 239.738.6227. Also, visit our Florida Business Exchange website at www.fbxbrokers.com and my personal website at www.buysellflbiz.com.
1 comment:
For every small business owner, it is a balancing act between meeting today’s needs and reaching tomorrow’s goals. The “Exit Strategy” is the essential plan for recouping the capital (money, time, effort) that has been invested in a company, whether that “recouping” happens earlier or later.
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