Successfully reported this slideshow.
We use your LinkedIn profile and activity data to personalize ads and to show you more relevant ads. You can change your ad preferences anytime.

Business exit and transition facts infographic

359 views

Published on

An infographic presenting a number of concerning facts regarding private business ownership and the lack a planning to achieve maximum value from the business. Includes selling a business, transition by inheritance, and continuity planning.

Published in: Business
  • Be the first to comment

  • Be the first to like this

Business exit and transition facts infographic

  1. 1. Tax plan Financial plan Unprepared heirs Other Reasons For Failure Business Succession Facts Sell Inherit 5 million businesses Will go up for sale in the next 5 years Older Small Business Owners In Denial? Only 20% of businesses for sale are sold Will The Price Meet Your Financial Needs? Only 30% of inherited businesses survive into the second generation $885,000 50% Owner’s Eggs All In One Basket? For more information on small business transition issues regarding business continuity, inheritance, or sale visit www.OhioBusinessHelp.com/business-transition/ © B2BPlanner Ltd. 2015 42% of owners plan to pass their business on to their family Make it to the 3rd generation Source: Bank of America March 2013 Poor communication Two-thirds do not have a business succession plan Over 60% do not know the value of their business 75% of owners have over half of their wealth in their business Needed by a couple 65 years old in retirement

×