A 2014 Business Enterprise Institute, Inc. (BEI) survey of 354 business owners revealed some interesting facts about exit planning by business owners approaching retirement. This in-depth survey, conducted in collaboration with BEI’s national network of Exit Planning Advisors, was intended to help gain understanding of the goals, challenges, concerns, and opportunities of business owners when the time comes to hand over the reins of their life’s work, and to gain insight into their level of preparedness.

What was learned is that most business owners aren’t ready.