Home Industries Financial Services Exit signs: How can business owners assess their readiness for transition?


Exit signs: How can business owners assess their readiness for transition?


PLAN AHEAD: Financial advisers Anthony Cerino and Kara Museler, who is also senior vice president of wealth management, at The Hilton Group at UBS Financial Services Inc. in Newport say business owners need to start planning years in advance for a successful business ­transition. 
PBN PHOTO/­DAVID HANSEN
PLAN AHEAD: Financial advisers Anthony Cerino and Kara Museler, who is also senior vice president of wealth management, at The Hilton Group at UBS Financial Services Inc. in Newport say business owners need to start planning years in advance for a successful business ­transition. 
PBN PHOTO/­DAVID HANSEN

Only 30% of business owners looking to sell find a buyer for their company, and only 10% get what they want. Interestingly, roughly the same percentage have a robust and documented succession plan, according to PricewaterhouseCoopers’ 2023 Global Family Business Survey, which shows that 31.4% of respondents said they have no estate plan beyond a

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