search
cart
facebook twitter linkedin youtube instagram Spotify Podcasts Apple Podcasts Spotify Podcasts Apple Podcasts
  • Sign In
  • Create Account
  • Sign Out
  • My Account
  • NEWS
  • TOPICS
    • Cool Roofing
    • Event News
    • Latinos in Roofing
    • Low Slope
    • Legal
    • Metal
    • Project Profiles
    • Roofing Supply Pro
    • Roofing Safety
    • Steep Slope
    • Sustainable Roofing
    • Technology
  • EXCLUSIVES
    • Best of Success
    • Contractor Profile
    • IRE Show
    • Roofing Contractor of the Year
    • Top 100
    • Young Guns
    • State of the Industry
    • Century Club
  • MULTIMEDIA
    • Videos
    • Podcasts
    • Interactive Spotlights
    • Roofing Quizzes
    • IRE Videos
    • Webinars
    • Photo Galleries
  • PRODUCTS
    • New Products
    • Featured Products
  • COLUMNS
    • Editor's Note
    • Exit Planning
    • Legally Speaking
    • Safety Advice
    • Technical Details
    • Guest Column
  • EVENTS
    • International Roofing Expo
    • Webinars
    • Best of Success Conference
    • Industry Events
  • DIRECTORY
    • Associations
    • Distributors
    • Manufacturer/Supplier
    • Business Services
    • Get Listed
  • MORE
    • Roofing Contractor eNews
    • RC Store
    • Roofing Supply Pro
    • Custom Content & Marketing Services
    • Market Research
    • Sponsor Insights
    • Company Spotlights
    • Classifieds
      • Auctions
      • Business For Sale
      • Business Opportunities
      • Equipment For Sale
      • Positions Available
      • Products
      • Safety
      • Software
      • Services
      • Training
    • Contact Us
  • EMAGAZINE
    • eMagazine
    • Advertise
      • Media Kit
      • Editorial Calendar
      • Contact
    • Archive Issues
  • SIGN UP!
Roofing News

Roofing Contractor Sponsors Exit Planning and Business Valuation Online Workshop

RC News
May 28, 2014

TROY, Mich. — Roofing Contractor and Heatspring Learning Institute are teaming up to offer an in-depth online course on Exit Planning and Business Valuation. The course will be led by Kevin Kennedy and Joseph Bazzano of Beacon Exit Planning, a consulting firm that specializes in helping the owners of closely held middle market companies monetize their businesses and successfully transition into retirement.

This online workshop is a rare opportunity for business owners to work with experts to craft a business exit strategy and maximize their company’s value. The course will run from Sept. 8 through Oct. 17, 2014, and includes an individual 30-minute conference call with Kennedy and Bazzano to discuss any questions and specific issues attendees might have. Because of the in-depth nature of the workshop, participation will be limited to 60 business owners. For more information and to register, visit www.heatspring.com/courses/exit-planning-and-business-valuation.

Kevin Kennedy, the founder and CEO of Beacon Exit Planning, specializes in exit and succession planning for private business owners. He navigated the process firsthand when he sold his 63-year-old business along with two other owners to the company’s fourth-generation team of owners. “The largest pocket of wealth of a business owner is trapped inside his/her business,” he said. “The challenge for owners is how to unlock these dollars without being clobbered by taxes (which can exceed 50 percent), replace themselves, retire and not outlive their income. The exit plan seminar helps owners understand the blueprint that charts this complicated process and coordinate all the moving pieces to meet the owner’s goals. Without a plan you may join the statistic of 70 percent of the owners who settle for a liquidation price (10 percent of the company’s value).”

Joseph Bazzano, chief operating officer of Beacon Exit Planning, is a Certified Public Accountant, Certified Valuation Analyst and a Certified Business Exit Consultant who has more than 25 years of experience in public accounting, valuation and exit strategy services. “As soon as you enter your business you should be thinking of a way out,” Bazzano said. “Learning about exit planning is much more than the exit. It includes valuation principles, asset protection strategies and the ever-present taxation. Each can have a devastating effect on an owner’s post-exit lifestyle if not properly addressed.”

According to Kennedy and Bazzano, business owners need to understand five things:

1. Typical business owners have 70 percent of their wealth trapped in their business. Many don’t know how to get it out.

2. Fewer than 30 percent of businesses sell/transfer into the second generation.

3. Your company can have several associated values based on your exit strategy.

4. Taxes can account for 0-55 percent of the gross proceeds from the sale of a business.

5. Getting a business ready for transfer can take 7-12 years. An outside sale can take approximately 1-3 years.

“There is one thing I can promise you: Every owner will exit his business someday — voluntarily or involuntarily,” said Kennedy. “Don’t wait until it’s too late to set up an exit strategy.”

 Roofing Contractoris offering the course in partnership with the Heatspring Learning Institute. To receive the Early-Bird discount, register at www.heatspring.com/courses/exit-planning-and-business-valuation.  

KEYWORDS: business management business owners CEUs (continuing education credits) education exit planning retirement

Share This Story

Looking for a reprint of this article?
From high-res PDFs to custom plaques, order your copy today!

Recommended Content

JOIN TODAY
to unlock your recommendations.

Already have an account? Sign In

  • Roofing Contractor Group Publisher Jill Bloom

    Physics, the Power of Authenticity and You

    In February's Publisher's Note, Jill Bloom describes a...
    Editor's Note
    By: Jill Bloom
  • The Family Food Fare supermarket in Midland, Mich.

    ‘Rooftop Ninja’ Discovered Living on Roof, Inside Grocery Sign

    A bizarre tale out of Midland, Mich.: a woman dubbed the...
    Roofing News
    By: Bryan Gottlieb
  • A before and after heat measurement comparison

    How Hot is Too Hot in the Attic?

    If the ventilation is working, how hot should the attic...
    Sustainable Roofing
    By: Paul Scelsi
You must login or register in order to post a comment.

Report Abusive Comment

Manage My Account
  • eMagazine Subscription
  • Sign Up for the eNewsletter
  • Online Registration
  • Manage My Preferences
  • Subscription Customer Service

More Videos

Sponsored Content

Sponsored Content is a special paid section where industry companies provide high quality, objective, non-commercial content around topics of interest to the Roofing Contractor audience. All Sponsored Content is supplied by the advertising company and any opinions expressed in this article are those of the author and not necessarily reflect the views of Roofing Contractor or its parent company, BNP Media. Interested in participating in our Sponsored Content section? Contact your local rep!

close
  • An overhead view of a residential block
    Sponsored byCBIZ CompuData

    From Spreadsheets to Strategy: How Roofing Companies Can Transform Financial Operations

  • Snow Guard Solutions for Metal Roofs by S-5!
    Sponsored byS-5!

    Safeguard Your Building: How Snow Guards Prevent Costly Roof & Property Damage

  • A hand holding a wooden block that reads 'EVOLVE'
    Sponsored byWatercress Financial

    Embracing Change: A New Era for the Roofing Industry

Popular Stories

Florida has become the focal point for construction-site raids, attracting national attention and altering labor dynamics throughout the industry.

Florida Emerges as the Epicenter of ICE Raids

Agentes de ICE arrestaron a casi una docena de empleados de una empresa de techos en Lowell, Massachusetts. Los arrestos son parte de una redada federal más amplia contra la contratación no autorizada y las violaciones migratorias en Boston.

ICE Redondea a Equipo de Techos Afuera de Boston

Kingspan’s planned 100-acre roofing campus in Oklahoma is under consideration as the new location for asphalt shingle production.

Kingspan Flirts with Disrupting the U.S. Shingle Market

Roofing Contractor Webinar

Events

December 3, 2025

The Premier Roofing Conference: Best of Success

Join roofing professionals from across the nation at the 2025 Best of Success conference, the ultimate destination for roofing professionals seeking the latest industry insights and networking opportunities. Pick up strategies for critical challenges like workforce shortage with innovative solutions, explore the latest advancements in roofing technology and sustainable practices, and gain valuable insights from industry leaders on navigating the evolving roofing landscape.

View All Submit An Event

Related Articles

  • exit planning

    7 Landmines to Avoid in Your Roofing Business Exit, Part 2

    See More
  • Roofing Business Exit Planning

    7 Landmines to Avoid in Your Roofing Business Exit, Part One

    See More
  • Shaking hands

    Management Buyout: The Most Popular Roofing Contractor Exit

    See More

Events

View AllSubmit An Event
  • April 17, 2025

    Homeowners Survey: A Roofing Customer’s Journey

    On-Demand Roofing contractors can use this information to better understand what factors influence a homeowner's contractor selection process. At the same time, they'll explore ideas to improve customer communication and operational efficiency that grow profits.
View AllSubmit An Event
×

Be in the forefront of the roofing industry!

Join thousands of professionals today. Shouldn’t you know what they know?

JOIN NOW!
  • RESOURCES
    • Advertise
    • Contact Us
    • Directories
    • Store
    • Want More
  • SIGN UP TODAY
    • Create Account
    • eMagazine
    • eNewsletter
    • Customer Service
    • Manage Preferences
  • SERVICES
    • Marketing Services
    • Reprints
    • Market Research
    • List Rental
    • Survey/Respondent Access
  • STAY CONNECTED
    • LinkedIn
    • Facebook
    • Instagram
    • YouTube
    • X
  • PRIVACY
    • PRIVACY POLICY
    • TERMS & CONDITIONS
    • DO NOT SELL MY PERSONAL INFORMATION
    • PRIVACY REQUEST
    • ACCESSIBILITY

Copyright ©2025. All Rights Reserved BNP Media.

Design, CMS, Hosting & Web Development :: ePublishing