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Defense Acquisition Professional | Certified Exit Planning Advisor

There's a storm brewing. 73% of privately held businesses in the U.S. will transition over the next ten years, representing an approximately $14 trillion wealth transfer opportunity. Will businesses be ready to exit? Will they maintain economic continuity? The U.S. Senate Committee on Small Business and Entrepreneurship (SBC) convened a committee hearing on succession planning earlier this year in January and Scott Snider, President of the Exit Planning Institute was called upon for his insights and expertise across the field. I was nice to hear some high level implementation approaches on how and where to start spreading the word to business owners (ex. Small Business Association Development Centers, Veteran Owned Business Outreach Centers, Chambers of Commerce, Family Enterprise Centers, Alumni Associations, etc.). A key item that was emphasized was that the things any business owner should do as part of their exit planning efforts are the same things a business owner should be doing day to day to build a viable business. In other words, exit planning is just good business strategy. See the article below on the Government's website: https://buff.ly/3wVnLm6 #Leadership #BusinessGrowth #Entrepreneur #Vetrepreneur #DefenseIndustry #AerospaceAndDefense #ExitPlanning #ValueAdvisor #SmallBusiness #Business #VeteranOwnedAndOperated #VeteranOwned #MarineCorps #Navy #Army #AirForce #SpaceForce #CoastGuard @TheExitPlanningInstitute @VeteransInBusinessNetwork

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Ryan Mills

Defense Acquisition Professional | Certified Exit Planning Advisor

9mo

To see the results of the 2023 (National) State of Owner Readiness Report, access the free report through this link or the featured section of my profile. https://www.success-ensues.com/2023-national-state-of-owner-readiness-report

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