2019 National Small Business Week

EXPLORING SMALL BUSINESS OWNER READINESS

2019 National Small Business Week


[May 5-11, 2019] It is 2019 National Small Business Week! As an education company that trains advisors on how to help create exit readiness in privately-held businesses, EPI wants to spread the word and ask you to join us in spreading awareness.

According to reliable data sources, small businesses employ half of the American workforce. Among those businesses, it is estimated that 60% are owned/operated by Baby Boomers.

Though Boomers are redefining (and prolonging) the retirement age, it is reasonable and expected that many of these companies are approaching a business exit. The success of this transition is a hot topic, as small businesses have long been the backbone of local communities.

Are the odds stacked against them?

Only 2 out of every 10 businesses that come to market actually sell.  We want to increase the number of saleable businesses.

Only 30% of family businesses successfully transition to the second generation, only 12% transfer to the third, and the success rates diminish from there.  We want to improve those intergenerational transitions.

Of those that succeed in the sale of their business, 75% experience “profound regret” within one year of exiting their business.  We want to understand why and create strategies that achieve profound success, wealth, and satisfaction.

You have a critical role in Small Business Owner Readiness.

You are a skilled advisor.

You know how critical it is to help business owners make decisions today that expand their exit options in the future. Familiarize yourself today with the library of State of Owner ReadinessReports from regions across the country. Play a role in educating owners, sturdying up the exit readiness of small businesses, and improving the transition success rates in 2019 and beyond.

About Exit Planning Institute:

The Exit Planning Institute (EPI) is an education company that provides exit planning education to advisors and middle market business owners.  We view exit planning as a strategy, not an event.

EPI leads the professional services profession with the best industry content, ongoing support, and owner education platform, all of which align with our mission: Change the outcome.

Only 2 out of every 10 businesses that come to market actually sell.  We want to increase the number of saleable businesses.

Only 30% of family businesses successfully transition to the second generation, only 12% transfer to the third, and the success rates diminish from there.  We want to improve those intergenerational transitions.

Of those that succeed in the sale of their business, 75% experience “profound regret” within one year of exiting their business.  We want to understand why and create strategies that achieve profound success, wealth, and satisfaction.

EPI is an education company, powered by an elite community of top advisors and owners, all focused toward creating a valuable, transferable future for the business marketplace.