One-fourth of the country’s small to medium-sized business entrepreneurs have revealed that they plan to sell their business in the next three years. But almost one-half of them have no real idea about how much their business is worth.

According to the research of Tenon Forum, an independent entrepreneur think tank, of the 92,000 businesses that are expected to be up for sale, about 47 percent had no idea about their business’ worth. The findings among smaller companies were more pronounced especially those with only five to nine employees, where 32 per cent wish to sell their business but only 37 per cent have an idea of the worth of their business.

Company formation and business solutions experts are suggesting that business owners devise a more definite and well-researched exit plan if they want to sell their business some time in the future.

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