According to the first national State of Owner Readiness Survey, what percentage of business owners have done no exit planning?

The answer indicating that 49% of business owners have done no exit planning is notable because it highlights a significant gap in preparedness among business owners for transitioning out of their businesses. The State of Owner Readiness Survey sheds light on the common trend among owners who either underestimate the importance of exit planning or lack awareness about how to begin the process.

This statistic is critical for understanding the landscape of business exit strategies. It emphasizes the need for enhanced education and resources for business owners regarding the exit planning process. Knowing that nearly half of business owners have not taken steps towards creating an exit strategy underscores the importance of advisors and programs, like the CEPA designation, that can aid these owners in planning for their eventual transitions.

Others numbers presented in the options may suggest higher percentages but do not reflect the actual survey findings, emphasizing that while the situation may seem dire, not all business owners have completely neglected exit planning. The 49% figure serves as a wake-up call to address this oversight in business continuity and succession planning, revealing a significant opportunity for intervention and support from advisors in the industry.