Facebook Instagram Linkedin Youtube
Impact Advisors Group | Duxbury Massachusetts | Warrington Pennsylvania
FREE ASSESSMENT
2023 National State of Owner Readiness

Business Planning: 2023 National State of Owner Readiness

Author: Brandon Jordan, CFP®, CHFC®, CEPA®, CVGA®, CLU®, MSA, EA | CEO of Impact Advisors Group

Ten years ago, the Exit Planning Institute (EPI) embarked on a groundbreaking research endeavor in collaboration with several partners called the State of Owner Readiness Survey. This first-of-its-kind survey studied the personal preparedness of business owners for exiting their companies and assessed their companies’ readiness for such transitions. What came out of this survey was information that business owners were unaware misinformed about what exit planning is and thus ill-prepared for their inevitable exit. 

A decade later, the newly released 2023 National State of Owner Readiness report reflects a transformed landscape, business owners nationwide are undoubtedly more educated and aware than ever before. They are also more prepared for their exit and focused on blending and aligning the most critical components of a successful and significant exit:

  • Business,
  • Personal, AND
  • Financial (Understanding and Determining the “Wealth Gap”)

There are numerous intriguing conclusions from the 2023 report which surveyed more than 1,000 business owners. IAG has pulled out several data points that business owners may find to be of interest. 

  • 75% of business owners would like to exit their business in the next 10 years. 
  • 69% have made Exit Planning a priority. 
  • 39% have stated that Exit Planning was their TOP priority. 
  • Only 9% of business owners have no plans at all for their exit.    

There is still work to be done! IAG, with its team of Certified Financial Planners (“CFP®”) and Certified Exit Planning Advisors (“CEPA®”), is uniquely equipped to help business owners close the gap between “what is” and “what’s possible” so that they can achieve their business, personal, AND financial goals. 
 
To explore what’s possible:

  1. Value Gap Assessment
  2. Personal Readiness Assessment
  3. Business Readiness Assessment
Impact Advisors Group LLC (“[IAG]”) is a registered investment advisor offering advisory services in the State of Massachusetts and in other jurisdictions where exempted. Registration does not imply a certain level of skill or training. The information on this site is not intended as tax, accounting or legal advice, as an offer or solicitation of an offer to buy or sell, or as an endorsement of any company, security, fund, or other securities or non-securities offering. This information should not be relied upon as the sole factor in an investment making decision. Past performance is no indication of future results. Investment in securities involves significant risk and has the potential for partial or complete loss of funds invested. It should not be assumed that any recommendations made will be profitable or equal any performance noted on this site. The information on this site is provided “AS IS” and without warranties of any kind either express or implied. To the fullest extent permissible pursuant to applicable laws, Impact Advisors Group disclaims all warranties, express or implied, including, but not limited to, implied warranties of merchantability, non-infringement, and suitability for a particular purpose. IAG does not warrant that the information on this site will be free from error. Your use of the information is at your sole risk. Under no circumstances shall IAG be liable for any direct, indirect, special or consequential damages that result from the use of, or the inability to use, the information provided on this site, even if IAG or a IAG authorized representative has been advised of the possibility of such damages. Information contained on this site should not be considered a solicitation to buy, an offer to sell, or a recommendation of any security in any jurisdiction where such offer, solicitation, or recommendation would be unlawful or unauthorized.
Skip to content