Retirement of Owner Managers

Just under half, 45.2%, of family business owner-managers see themselves working in the business beyond 65 years of age, with 66.1% indicating that their businesses were NOT exit or succession ready. Interestingly, 52.2% indicate that they do NOT intend to do something about it in the next 12 months.

Encouragingly, 60.6% of family business owner-managers have something to retire to as against simply something to retire from (i.e. their business), and 68.5% believe they have an adequately funded retirement program. One third, however, are likely to rely on either continuing family business ownership or the sale of their business for the cash to fund their retirement.