Statistically speaking: Most small-business owners lack an exit plan

03/11/2014 12:00 AM

03/10/2014 4:03 PM

Most small-business owners don’t have a plan for exiting their business, according to a recently released nationwide survey of 500 owners by Securian Financial Group.

60% of small-business owners don’t have an exit plan and aren’t working on one.

16% are working on one but haven’t finished it.

24% have a formal exit strategy in place.

15% say they haven’t prepared a plan because family isn’t interested in taking over the business.

Editor's Choice Videos

Join the Discussion

Charlotte Observer is pleased to provide this opportunity to share information, experiences and observations about what's in the news. Some of the comments may be reprinted elsewhere on the site or in the newspaper. We encourage lively, open debate on the issues of the day, and ask that you refrain from profanity, hate speech, personal comments and remarks that are off point. Thank you for taking the time to offer your thoughts.

Terms of Service