Why Every Business Owner Needs a Personal Plan Before Exit

Most business owners spend years building a company, but far less time planning for who they will be after leaving it. That gap is what this new whitepaper from the Exit Planning Institute^® (EPI) seeks to address.

Every owner will exit eventually, whether by choice or circumstance. The question is not whether an exit will happen, but whether the owner will be ready for it personally, financially, and professionally.

Why is Personal Planning So Important?

The Value Acceleration Methodology™ (VAM) teaches how to align the three legs of the stool: business, financial, and personal.

Those first two legs, business and financial, are usually tackled upfront when a business owner starts preparing to exit their business. They have an idea of how much they want to make from the sale, and to get the most out of that sale, their business needs to be in good standing.

The personal leg of the stool is the least developed. It often comes last, well after the owner knows what they want to put their company on the market for.

As a result, 75% of owners regret exiting their business within 12 months. While the financial aspect of an exit does play a role in this statistic, it truly shows the importance of having a fully developed personal plan before an exit.

A strong personal plan helps owners think through what comes next, like how they’ll spend their time, what role they want to play, and what will give them purpose after the exit.

How Personal Planning Can Change Outcomes

In this whitepaper, we explore how Certified Exit Planning Advisors (CEPA^®) can use personal planning to help their business-owner clients achieve not only the best possible sale but also the best possible post-exit life.

A personal plan creates clarity. It gives owners a way to connect their purpose to a long-term vision, then turn that vision into a strategy, goals, and action. That kind of planning can improve decision-making now and make the transition later feel more intentional and fulfilling.

Download the Whitepaper Here

If you’re a business owner, advisor, or CEPA, this whitepaper is a practical resource for getting started on the personal side of exit planning. Download Defining Your Next Chapter: Why Business Owners Must Start A Personal Plan Now to learn how to build a stronger path forward.

About the Exit Planning Institute

The Exit Planning Institute^® (EPI) is the exit planning market leader, providing education, tools, resources, and the ecosystem to support professional advisors across the globe on all things Value Acceleration. EPI’s offerings include the Certified Exit Planning Advisor credential, the annual Exit Planning Summit, EPI Academy, an extensive Chapter Network, and more.

Related Resources

• Exiting to, Not From: Why Personal Planning Matters in Exit Planning
• Read the Second Annual Exit Magazine
• How Advisors Can Inspire Exit Planning Action in Owners