You’re a family or small business owner. You’ve reached a point in your life where you are beginning to think about retiring. Or maybe you’re not quite ready to retire but still want to spend less time with your business. If this is you, then now is the time to start planning your business exit strategy.

Most family and small business owners do not realize they have only a 30% chance of successfully handing over their business to a new business owner. For family businesses, the failure rate is even higher when the third or later generations attempt to take over.