LUTZ BUSINESS INSIGHTS
nebraska state of owner readiness report
76% of business owners plan to transition their business over the next 10 years (representing 4.5 million businesses and over $10 trillion in wealth). Unfortunately, 49% of them have no transition plan.
Selling your business will be one of the biggest financial decisions you ever make. Did you know that more than 70% of businesses that are put on the market do not sell? In addition, only 30% of family-owned businesses transition to the second generation, and only 12% survive the third.
Lutz, in collaboration with the Exit Planning Institute and other local firms, recently conducted a survey to help determine how prepared business owners are to transition their business in the state of Nebraska. The Nebraska State of Owner Readiness Report details the survey findings, as well as describes the business transition options that are available to business owners.
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