"You've worked in this business most of your adult life. The biggest business decision you'll ever make is quickly approaching…what do you do with one of your biggest assets."

"Studies show that, on average, up to 80% of a business owner's net worth is tied up in ownership of that business. That means getting full value from your business at retirement can greatly impact the income you have in retirement. How much income do you need to live comfortably after leaving your business?"

"A recent Exit Planning Institute study found that 56% of owners had no formal succession plan and 70% fail to sell at the time of owner retirement. Because so many businesses will change hands in the next decade, buyers can be somewhat selective and choose those companies that pose the least risk to their invested capital."

"Not having a plan for yourself after selling a business and retiring can leave unprepared owners disillusioned, aimless, and eventually disappointed. Therefore the personal aspects of the exit plan can be as important as the financial aspects."

"Health issues, family situations, partnership disputes, or simply exhaustion from years of running the business can make a quick exit more appealing than maximizing value."