The Exit Planning Institute, along with various partners from Wisconsin, have combined their resources in an effort to assess and understand the State of Owner Readiness™ to transition privately-held small and middle market businesses. There are 10,000 baby boomers turning 65 every day and this generation owns 63% of privately held businesses in the United States. However, recent studies show that 3 out of 4 business owners "profoundly regretted" their decision to sell within one year of exiting due to lack of readiness. The State of Owner Readiness Survey™ is a national survey used to poll the owner readiness in the middle market. Our team of partners has now created a local survey to poll the owners in the area so the unique needs of the business landscape can be segmented and understood. We appreciate you taking the time to share your thoughts on your own state of readiness and look forward to sharing the results with you. Individual responses will be held strictly confidential. No personal information is requested in the survey. NOTE: This survey should be completed by the owner or owners of the business. Thank you for your time (This survey takes about 12 minutes)!
Section I | Background
What is your current age?

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* 1. What is your current age?

Are you:

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* 2. Are you:

What is your company’s annual revenue? (select one)

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* 3. What is your company’s annual revenue? (select one)

How was your business started?

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* 4. How was your business started?

What is the ownership structure?

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* 5. What is the ownership structure?

If family owned, how long has your company been owned by the family?

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* 6. If family owned, how long has your company been owned by the family?

What industry are you in? (select one)

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* 7. What industry are you in? (select one)

How is your business organized? (select one)

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* 8. How is your business organized? (select one)

In which region is your company headquartered?

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* 9. In which region is your company headquartered?

Section II | Current Transition Plans/Thoughts
When are you planning to transition the company (select one)?

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* 10. When are you planning to transition the company (select one)?

Have you completed any formal education related to transitioning a business?

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* 11. Have you completed any formal education related to transitioning a business?

Are you familiar with all your transition options?

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* 12. Are you familiar with all your transition options?

How much do you agree with the following statement? "Having a transition strategy is important for my future as well as the future of my business." (select one)

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* 13. How much do you agree with the following statement? "Having a transition strategy is important for my future as well as the future of my business." (select one)

Have you sought outside advice regarding your transition plan?

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* 14. Have you sought outside advice regarding your transition plan?

Have you established a formal transition advisory team?

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* 15. Have you established a formal transition advisory team?

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