Why Do Business Owners Fear Exit Planning?

Editor’s Note: This is a very helpful article to share with your small business owner clients. It will also be meaningful to your own practice because the concept of fear and  other psychological aspects of exit planning is infrequently discussed.Vital not only to their future, but to that of their company, an exit plan is a business owner’s best defense against the unexpected.  Yet, some otherwise savvy entrepreneurs will delay the process due to fear of conflict, of losing control or of not having enough financial reserve to support their lifestyle post sale or transfer.With a comprehensive action plan, backed by the support of a team of advisors, even the most apprehensive business owner can see beyond the fear and build a successful future for all involved – self, family and the business.  But first, you must define and overcome the obstacle(s) that have held your exit plan hostage.Read More