SBA Poll: How will you retire?

The Question:
What will be the most likely exit (retirement) scenario from your business when the time comes?

31% - I expect to sell my business to a new owner.

14% - I plan to sell (or convey) my business to family members.

6%- I will probably just lock up one day and not come back.

50% - Since I probably won’t retire, I’ll just go out feet first.

My Comments
These responses are not too far out of line with what I think is the reality for most small businesses. How do they stack up to your own expectations?

I’m going to have more to say about this, with some industry statistics, in an upcoming Feature Article. Stay tuned and thanks for participating.

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