According to Imperial College London 95% of business owners have no exit or succession plan. Sounds a bit high to me, but I guess if the question was asked about written planning then it may well ring true.
We're interested to better understand how business owners in our region think about these issues - and so we're conducting a survey. It is difficult for even the most successful business owners to grapple with exit planning. The survey is to test the extent that directors and shareholders are ready to achieve the kind of exit that they'd chose, and at a time of their choosing - or if they will simply be forced to respond to events? Of course having a plan should allow them to maximise the value of their investment in the company, and exit in a manner of their choosing - whether this be a management buyout or a company sale.
As an economy we need successful entrepreneurs - and they need an orderly way to realise the wealth that lies tied up withing their businesses. If you'd like to do the survey click here - as an incentive there's a draw for a bottle of champagne or a free valuation report.