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Business Owner Burnout Highlights Importance of Exit Strategies

Business Owner Burnout Highlights Importance of Exit Strategies

Author: Fred D. ZemelDate: May 20, 2021

The COVID-19 pandemic has taken a toll on business owners, causing many burned out entrepreneurs to ponder an early retirement. If you are seriously thinking about retiring or selling your business in the near term, it is imperative to have an exit strategy in place.  

Many large business owners have escalated their retirement plans in the wake of the pandemic, according to the latest Business Owners’ Outlook survey by Wilmington Trust and M&T Bank. It found that many business owners are experiencing burnout and exhaustion, resulting in a high percentage moving to retire earlier or looking to sell their companies.

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