7 myths of exit planning

Is your largest asset at risk?

Rate this article

During conversations with hundreds of successful business owners, I have discovered some common misconceptions about exiting businesses and harvesting owners' wealth. If you do not understand the following myths and truths, you probably are putting your wealth at a high-level risk.

Myth No. 1: I will just sell my business and retire.

Truth: According to the U.S. Chamber of Commerce, fewer than 20 percent of businesses for sale actually close, and the percent of closings actually is less for the construction industry. According to Fails Management Institute, Raleigh, N.C., most transactions in the construction industry are internal; a majority of transactions are management buyouts, and a small percent includes Employee Stock Ownership Programs (ESOPs) and some form of gifting.

Myth No. 2: I will deal with my exit...

Web exclusive: Click below for more information.
Additional exit planning articles

To read the article in its entirety, please log in or register (registration is free).

Not a professionalroofing.net user?

Register now for free access

Full access to every article
Online Web exclusive information
Photo gallery
Breaking news
Online classified ads

Already a professionalroofing.net user?

Log in now

User name:

Password:

Comments (0)	Login to post a comment or rating
There are no comments posted.