Statistics show that only 20 to 30% of businesses that go to market actually sell; leaving up to 80% of those without solid options to harvest their wealth and ensure economic continuity into the next generation.
An owner who is “ready” with an attractive business greatly increases the odds that the business will survive a transition of hands.
The question is, how ready are you?
Here’s an opportunity to find out.
Our company has collaborated with the Exit Planning Institute, and we invite you to take part in a primary research effort: The 2023 Minnesota State of Owner Readiness.
This first-of-its-kind study benchmarks your market attractiveness and relates it to your current level of transition readiness.
This survey will challenge you to:
- take an honest look at your business through the value-lens
- rate the strength of your talent
- consider the transferable intangible assets you have fostered
- measure your progress in business, financial, and personal planning
Many successful businesses produce significant incomes. Far fewer simultaneously produce significant transferable value. And that is a key difference between an attractive business and a ready business.
Take the survey now to determine where you stack up and how to maximize your odds of a successful exit. You’ll receive a full report when the survey is completed this summer.
About Sunbelt Business Advisors of Minnesota
The Sunbelt Business Advisors Minneapolis office is the largest office in the Sunbelt network with a staff of over 50 advisors, associates, analysts, and business development representatives. In 2021 the firm was recognized by the International Business Brokers Association as the #1 firm in the country and the first firm in history to sweep all three first-in class awards. Sunbelt provides services to business owners interested in selling their businesses, assistance with merger and acquisition activities, complimentary business value assessments, and advice to business owners seeking to maximize their life’s work when they exit. The firm provides business brokerage and mergers & acquisitions services for companies with revenues from $500,000 to $150 million. More information is available at www.sunbeltmidwest.com (<Under $5 million revenue) and www.tnma.com ($5 – $150 million in revenue).