Small Business Owners Urged to Begin Exit Plans

Anyone who owns a small- or medium-sized business and wants to retire in a few years needed to start succession planning yesterday.

Anyone who owns a small- or medium-sized business and wants to retire in a few years needed to start succession planning yesterday. That was the message Mark Dorman delivered to a scattering of people in business fields at the Dec. 6 Geauga Economic Leadership breakfast at Kent State University – Geauga. The founder of Legacy Business Advisors and partner of Succession Plus urged each listener to consider their exit plan — if they have one. There are millions of small businesses in the U.S. and about a third of them have aging owners who want to retire in 10 years,…

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