Small business owners plan to exit, but aren’t exit planning
Small business owners put their blood, sweat, tears and resources into building their businesses.
But when it comes to figuring how to make a graceful exit from the business, most are unprepared, according to a Securian-sponsored nationwide study of small business owners.
The Securian Small Business Owner Life Stage Study focused on successful private businesses in a variety of industries. The businesses surveyed in August and September 2015 have an average of 27 employees and annual revenue ranging from $250,000 to more than $20 million. Results of the study were released in April 2016.