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According to the latest survey conducted by the Exit Planning Institute, 76% of responding business owners plan to transition out of a business over the next 10 years, with nearly 50% planning to conduct their transition in the next 3 years. However 83 % either do not have a transition plan, or have a plan that has not been documented or communicated ( which essentially is the same as not having a plan). If you are planning on selling it is not in your interest to be in the 83% category.

 

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