Pennsylvania Business Advisors Meet to Help Business Owners Exit Their Businesses

Philadelpiha, PA, September 10, 2017 --(PR.com)-- Pennsylvania business advisors are preparing to attend “The BEI Summit: Why Exit Planning, Why Now?” The event, sponsored by Business Enterprise Institute (BEI), Clayton Capital Partners, and BizEquity, gives business advisors the chance to share and learn strategies that help small-business owners exit their businesses successfully, which is a growing demand among baby-boomer business owners.

According to the Washington Post, a record number of small businesses, 7,842, were sold in 2016, with 70 percent of brokers saying that at least a quarter of their sales were related to baby boomers. A BEI business-owner survey showed that 79 percent of business owners, most aged 40–69, plan on exiting their businesses within the next 10 years, but only 17 percent have written exit plans.

In November 2016, the “Kaufmann Index Main Street Entrepreneurship State Trends” report noted that approximately 12 to 14 percent of Pennsylvania business owners were aged 45 to 64, and Pennsylvania ranked No. 2 in terms of established small-business density, with 705.3 small businesses per 1,000 firms.

BEI’s mission is to help business owners benefit from their lives’ work. BEI is the leading innovator in the exit-planning industry, and trains and supports business advisors to be the preeminent exit-planning resource for business owners in their communities. To speak with business owners who have experienced success through a systematic exit-planning process, contact BEI at 303-321-2242 or email info@exitplanning.com.