What are the planned Indiana business exit strategies?  According to the 2016 Annual Survey of Entrepreneurs (N=67,897 business reporting) the exit strategies consisted of the following:

Two key items stand out:

The first is that 8.6% of the reporting businesses (or 5,854 businesses) the exit strategy is to sell to the employees or managers. This group of businesses includes 100,696 paid employees with an annual payroll of $3.8B dollars, or an average salary of $38,000.

Currently there are approximately 180 Indiana ESOPs.  The potential to increase the number of ESOPs from 180 to nearly 6,000 is exciting and clearly demonstrates the need to provide education and advocacy on employee ownership to Indiana Business owners.  This presents a unique opportunity for Indiana citizens to share in the wealth they have helped to create.

The second key item is that 31.5% (or 21,401 business) there is no current exit strategy for any owner.