A survey conducted by M&A Capital Partners of 545 presidents of companies with 5 or more employees found that 62.0% of presidents have health concerns, 70.2% believe that an extended absence would affect management, 56.3% have not decided on a successor, and 61.2% of those who have not decided on a successor have made no preparations for business succession.
The survey found that 62.0% of respondents who lead their companies have health concerns. This includes those who feel somewhat concerned and those who feel very concerned, indicating that the issue has become apparent.
A total of 70.2% of business owners said they believed management would be affected if they were away from the workplace for more than one month due to illness or injury.
The proportion of respondents who had not decided on a successor stood at 56.3%. Including those who had potential candidates but had not made a decision, nearly half were classified as having no successor determined.
Of those who had not decided on a successor, 61.2% said they had made no preparations for business succession, suggesting that health concerns and business succession issues should not be viewed as separate matters.