Succession and exit planning are hot topics these days. If you own a business, you may have thought about the day you’d sell it, transition to the next generation of your family, or even make your loyal employees owners of your firm. But did you know that in a recent study, 83% of business owners have no written transition plan, and 49% have done no planning at all? It’s no wonder that 80% of businesses with revenue under $50M that are put on the market don’t sell.
That’s where a Certified Exit Planning Advisor (CEPA) can help. At The Partners Group, we are lucky enough to have two CEPAs on our team, John Cahill and John Woolley. Using the Value Acceleration Methodology developed by the Exit Planning Institute, a CEPA will walk with business owners down the path of preparing for an eventual exit, including a full analysis of personal, business, and financial needs.
If you are thinking about what the long run future of your business could be like, you owe it to yourself, your family, and your business to visit with our Certified Exit Planning Advisors. For more information, give Geneva Stegemoller, Wealth Management Consultant, a call to learn more at (503) 726-5764.
Source:2013 National State of Owner Readiness Report conducted The Exit Planning Institute, Kent State University, Grant Thorton, and PNC Bank
