Many business owners feel trapped in their businesses, unable to unlock the value that they have created. They have created an income stream on which the owner and their family are dependent. Most business owners company value is 80% or more of their net worth, an non-liquid asset that cannot be used without the sale of their business.
In a recent study by the Exit Planning Institute:
- 49% of surveyed business owners have done no exit planning at all
- 93% of surveyed business owners have no formal life after business plan
- One-half of all surveyed business owners need the company to remain profitable during and after their transition from the business.
- 86% of surveyed business owners have not taken on a value enhancement project
Does this sound familiar? Do you find yourself in similar circumstances?
If so, please reach out to Picus Enterprises, LLC at 516-313-0670 to see how we can help you. Consider taking our online Value Builder Score to see how sellable your business is.