William Buck’s fifth Exit Smart Report is based on our extensive national Exit Smart Survey and measures the preparedness of Australian businesses – in a wide range of industries and at different points in their life cycle – for an exit event.
Year-on-year, our findings highlight a significant lack of preparedness among business owners, which is alarming given the most successful business exits we see at William Buck are planned well in advance; some at the time of purchase or founding.
Fortunately, this trend is on the decline, indicating that business owners and operators are beginning to understand the importance of exit planning.