88 percent had no written plan to transition

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Minimal mindshare: 53 percent said they had given little to no attention to their transition plan at this point, even though three-quarters of respondents were age 51 or older.

No transition plan: 88 percent had no written plan to transition from the current owner (this includes 66 percent who had no plan at all). This figure is consistent with other recent surveys, including PwC’s recent survey of family-owned firms.

Going it alone: 80 percent had never sought advice about a transition.