If you ask a business owner what percentage of their net worth is tied up in their business, most will say somewhere between 70–80%. Starting a business takes time, effort, and sacrifice, so it’s no surprise that founders often pour everything they have into making it work.

What’s striking about that stat is this: Only 17% of businesses are actually prepared to sell or end up completing a transaction.

And of those that do sell, 70% of owners report feeling unhappy after the deal closes, often because they weren’t fully prepared for what comes next, financially or emotionally.

Selling a business is hard.

That’s where the Business Transitions Summit comes in. This one-day conference gives business owners the knowledge and connections they need to plan for a successful exit. I first attended last year and am excited to see it continuing and expanding to more cities.

This year’s summit featured a wide range of speakers, including entrepreneurs, former owners, wealth managers, investors, and more. Topics covered everything from shifting from doubt to decisive action, to building massive value in your business, understanding and minimizing tax consequences, navigating M&A, and beyond.

Here are three key takeaways I had from this year’s conference: