“There is one thing I can promise you: Every owner in this room will exit his business — voluntarily or involuntarily,” said Kevin Kennedy. Yet despite this certainty, a high percentage of contractors put off thinking about how they will leave their business, often until it’s too late to set up an exit strategy.
Kennedy is president of Beacon Exit Planning, LLC, a process consultant that provides written plans and support programs to private owners for succession and exiting their businesses. He was on hand at Best of Success to share his own experiences with succession and give contractors some key details on exiting their businesses in his session titled “Succession: A Journey From Management to Leadership.”