A recent survey by Raymond James of over 500 privately held business owners reveals that 88% plan to exit their businesses partially or fully within the next decade. Key findings show one-third will continue working after transitioning, 35% will pass their business to family, and 85% plan to transition within the next five years. Owners are urged to plan for the future to convert business assets into personal wealth. Additionally, 85% anticipate needing more capital for future growth, with private equity and bank loans as top sources. For more information, visit www.raymondjames.com/business-wealth.

Read more at GlobeNewswire: New Data From Raymond James Shows Business Owners