Exit plan failures leave UK business owners in vulnerable position

The wealth manager said 48% of the businesses that took part in the research had not put a plan in place. Other findings included that 13% said they had not considered the need for an exit plan, while a further 3% were unsure if the firm had one or not. Charles Stanley said it spoke to more than 500 UK business owners and entrepreneurs as part of its Fortune Favours campaign. It also found that despite widespread lack of planning business owners remained optimistic about the future with 71% confident they could step back from their business in the most tax-efficient way should they ne...