This image shows that a business owner’s succession planning options will change and actually diminish over time.  Time is not the friend of a business owner/entrepreneur.

To see additional slides on the topic of Exit and Transition Planning:

• Exit and Transition Planning
• The Business Transfer Spectrum
• Common Motivations For Buyers of Privately-Owned Businesses
• Business Owner’s Life Plan
• Timing Is Everything
• The Business Owner’s Dilemma
• Business Succession Planning