News Summary

• According to the Exit Planning Institute’s most recent national survey, only 42% of business owners have a formal, written transition plan in place.
• Succession planning provides structure in moments of transition, clarity in times of uncertainty, and a long-term path forward for the people and priorities that matter most.
• Valuation is about more than financial statements.
• Intellectual property, brand equity, customer loyalty, vendor contracts, and even company culture often contribute value that won’t show up on a balance sheet.