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

The percentage of business owners who have done no exit planning, according to the first national State of Owner Readiness Survey, is highlighted as 49%. This statistic underscores a significant gap in preparedness among business owners regarding their exit strategies. Many entrepreneurs often focus on the daily operations and growth of their businesses while neglecting to plan for eventual departure or transition. This lack of exit planning can lead to unfavorable outcomes, including lower business valuations and difficulties in selling the business when the owner is ready to retire or move on to new ventures. Such statistics are crucial for Certified Exit Planning Advisors (CEPA), as they illustrate the need for guidance, education, and structured planning to help owners navigate the complexities of exiting their businesses effectively. Understanding this data helps CEPA practitioners to address the challenges faced by business owners and to provide necessary support in crafting a viable exit strategy.