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.
In August 2018, Apple Inc made history when it became the first company to be valued at $1 trillion. Fast forward to yesterday’s close (7/6/2020), and the company is now worth more than $1.6 trillion. In just two years, it added $600 billion…
As we get ready to roll into July, it’s hard to believe we are already at the midpoint of 2020. It has been a tale of two quarters so far this year, as one of history’s most vicious selloffs stopped on a dime and transitioned into a record-setting…
If your business provides estimates to customers, you can improve your chances of a sale if you follow these five suggestions…
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