Today, the CT Business Owner Exit Planning Survey has launched for its second year with VR Business Sales – Mergers & Acquisitions, Marcum LLP and the law firm of Zangari Cohn Cuthbertson Duhl & Grello P.C championing the effort. In the US, there are an estimated 8 million baby boomer business owners who will need to exit their businesses over the next fifteen years. This transfer of assets will have a large impact on the market for business sales. The survey aims to measure how prepared CT owners are and what assumptions they are making regarding the sale of their businesses. The survey takes less than five minutes and can be completed by Connecticut business owners here: http://survey.vrnewhaven.com/
Last year’s survey showed that while owners are optimistic about selling their businesses, the vast majority of owners are ill-prepared to do so. Proper planning is critical to optimizing sale price and ensure transaction value meets owner needs in retirement. Failure to do so may have significant implications for the national and local Connecticut economy.
“We’re committed to helping owners in the state prepare for the economic pressures ahead from a competitive transaction market. The survey will underscore the importance of exit planning, while measuring progress in owner readiness.” – Jeff Swiggett,CBI, M&AMI, VR Business Sales Owner
About the CT Business Owner Exit Planning Survey
The Connecticut Business Owners Exit Planning Survey was created to measure owner readiness and sentiment for selling a business in Connecticut. VR Business Sales – Mergers & Acquisitions, Marcum LLP and the law firm of Zangari Cohn Cuthbertson Duhl & Grello P.C. teamed up to conduct this survey because of the Firms’ and our clients’ interest in issues related to exit planning, with the belief that we need to quantify the challenges ahead for business owners as the population ages.