State of Owner Readiness Survey
As many of you know, our former managing partner, Ed Mysogland, recently resigned from Indiana Business Advisors to start an exit planning and business valuation practice, Legacy Transition Advisors. He is also the President of the Indiana Chapter of the Exit Planning Institute. He is involved in an exciting new project involving business owners throughout Central Indiana.
Legacy Transition Advisors is sponsoring an innovative survey of business owners in the central Indiana to examine the “State of Owner Readiness.” This survey is a vital piece of research because national surveys have shown that only 20 to 30% of businesses that go on the market sell.
“It is surreal that 70%+ businesses do not sell and it is only amplified if you consider the economic impact to both shareholder and community,” says Legacy Transition Advisors President, Ed Mysogland. “Owners need to be aware of all transition solutions that will create company liquidity. It is our goal that business owners are prepared through understanding what creates value, what preserves value, and how it is transferred at an appropriate time.”
The State of Owner Readiness Survey in Central Indiana – led by the Exit Planning Institute and sponsored by Legacy Transition Advisors – consists of 45 questions and takes less than 10 minutes to complete. The survey is completely anonymous. It will be sent to a sample of 10,000 business owners from the micro, lower, and middle market in the Indiana marketplace. The survey data will be compiled and analyzed, and the final report will be issued in October 2017 at Butler University.
“We are delighted to be aligned with the Exit Planning Institute and Butler University as part of this inaugural undertaking in Indianapolis. Indianapolis business owners are the cornerstone of our community, and through our collective efforts, we will be able to provide them clarity, value, and options to exit at a time and in a manner of their choosing,” adds Mysogland.
If you are a business owner in Indiana, please take a moment to fill out the survey below.
Click Here for the State of Owner Readiness Survey