2025 Beyond Wealth Report for Business Owners

The 2025 Beyond Wealth Report for Business Owners presents findings from a study conducted by First Citizens Wealth in partnership with Logica Research, focusing on wealthy Americans who own businesses. The report reveals insights into the financial behaviors and attitudes of business owners regarding money management, retirement, and succession planning. It highlights the challenges faced by owners, including economic pressures such as inflation and changing government policies, which affect both personal and business finances. Despite these challenges, the report indicates that a majority of business owners maintain confidence in their financial situations. The study also discusses the funding methods used by business owners, with personal savings and bank loans being the most common sources. Additionally, it outlines the exit strategies of business owners, noting that many do not plan to exit their businesses soon and often intend to transfer ownership to family members. Overall, the report emphasizes the complexities of business ownership in the current economic climate.