The great handover: Prepping for succession requires careful planning, diverse expertise

Business is booming, but boomers are aging.

In Central Florida and beyond, succession planning has become a top priority for businesses of all sizes as owners plan for their inevitable retirement. With more than half of American businesses owned by baby boomers, a tsunami of business wealth will change hands in the coming years.

Unfortunately, many are finding themselves ill-prepared to navigate this important liquidity event. According to the annual State of Owner Readiness Survey by the Exit…