As CEO of Your Business Legacy, my passion is helping family and small business owners realize their dreams—for themselves, for their families, for their employees and other stakeholders, and to retire successfully and comfortably, knowing that the business legacy they've created will endure for generations to come.How do we do this? By providing a comprehensive business exit plan that ensures a successful transition to the business's next owner.What is a business exit plan? It's a detailed roadmap of all steps necessary for a family or small business owner to successfully transition their business to the next owner(s)What are the requirements of an effective business exit plan? • It ensures the business owner is ready to retire • It ensures the business is ready for the owner to retire • It follows a proven, fool-proof methodology Who needs an exit plan? According to recent national surveys: • 33 percent of business owners want to retire within 3 years • 60 percent want to retire within 5 years • Almost 80 percent will retire in less than 10 yearsBut: • Only 15 percent of family businesses will successfully transition to the next generation in the family! • Only 20 percent of those listed for sale will actually sell! • Who needs an exit plan: Everyone exiting their business for any reason!Who are these business owners? • Younger Baby Boomers (57 – 75): 41% of small business owners • Older Gen X’ers (41 – 56): 44% of small business ownersIn California alone, there are at risk because their owners are nearing retirement and need an exit plan: • 360,000 California businesses • Employing 3.9 million workersWhat are the business issues they face? • No obvious successors in the family! • Not ready to be purchased • Not enough buyers • Too small to be a viable merger or acquisition candidate • Not Sustainable • Changing market demands, critical success factorsWhat are the personal issues they face? • Are they ready to leave the business? • Are they financially prepared? • What family discussions have they had or are prepared to have? • What will be the source of meaning and purpose in their lives? • Who is their successor?At Your Business Legacy, we provide a comprehensive, fool-proof business exit plan that makes specific recommendations of options for them to consider, that details all the planning and action steps that are needed for them to retire successfully, and that provides guidance, management coaching, and support throughout the entire exit process.