Business Exit Planning: Starting the Conversation
The event features an expert panel from top area firms: Blackhawk Bank, PorteBrown, Accountants & Advisors; Kelleher & Buckley, Attorneys; Busey Bank (SBA), Traction2Vision, EOS Implementer.
The impending exodus of the Baby Boomers, the largest entrepreneurial generation in history, from business ownership in the next 10 years will create the largest transfer of wealth in history…and a tidal wave of transition challenge as it is met with a severe shortage of willing and able buyers. Historically, over 70% of businesses put on the market do not sell. It is predicted to get much worse. It will be an unprecedented buyers’ market for sure AND only the most prepared businesses will successfully transfer.
“Only a few businesses – I calculate about 200,000 out of 7,000,000 – are capable of being transferred today in a manner that achieves the owner’s goals and objectives.” John Brown, Founder of BEI and author of Exit Planning: The Definitive Guide
For 80% - 90% of business owners, the business is their largest asset and their successful retirement depends upon the successful financial transition from their business.
The objectives of the event are to provide clarity and awareness:
- Of the requirements for a successful business exit in the next 5+ years as the market becomes flooded by Boomer business exits
- That a successful Exit Plan requires professional input from a range of different Advisors from the Exit Planning Community
- The time to begin your conversation is now
ExitMap: Participants will receive a link for a FREE ExitMap Online Assessment, featuring a personalized 12-page report of your transition readiness.
Serving the following communities:
Barrington, Barrington Hills, Deer Park, Inverness,
Kildeer, Lake Barrington, Long Grove,
North Barrington, Port Barrington,
South Barrington, Tower Lakes
190 E. James Street
Barrington, IL 60010
Tel: (847) 381-2525