According to the EPI State of Readiness Survey, what percentage of owners do not know all their exit options?

The statistic indicating that 67% of owners do not know all their exit options highlights a significant gap in awareness among business owners regarding the exit planning process. This lack of knowledge is critical because understanding various exit options is essential for effective business succession planning. Without a comprehensive understanding of potential pathways, such as selling to a third party, transferring ownership to family members, or implementing employee buyouts, owners may miss valuable opportunities that align with their personal and financial goals.

This figure emphasizes the need for education and support for business owners, as many might approach the exit phase without a structured plan or full knowledge of their alternatives. By raising awareness and providing resources, exit planning advisors can better equip business owners to navigate these crucial decisions, ultimately leading to more successful transitions and a heightened level of preparedness within the business community.