Can you afford to exit? Most owners, whether their business is worth $2 million or $30 million, continue to be stuck in their business until they can clearly see the path to replace their income and maintain their lifestyles. Owners cannot move forward until they cross this financial bridge and then move into replacing the empty chair.
The fear of outliving their money can easily be diminished with an investment of some basic exit planning. Why? Most owners have 70 percent of their wealth trapped inside of their illiquid business.