Many of my posts, and questions have been how to get into business.  Yet, it seems as important is how to get out of business - that is how to either sell the business, or hand it to the next generation of leaders.

This is not a concern for many businesses for now, but for instance, statistics show that the majority of Canada’s small and medium size business owners plan to leave within the next 10 years, yet more than 52 percent of them haven’t plan on how to exit.

As I said before, maybe this is also an opportunity for some business to buy existing businesses as many of them may probably have not a successor, and probably many small businesses may choose to liquidate or simply close.

The Canadian Federation of Independent business launched a book called Investing in Your Fuutre; building a Succession Plan.  How about you?  Do you have a plan?