In running your roofing business, there’s only one guarantee: you eventually will exit — either voluntarily or involuntarily. The day will come when you’ll have to say goodbye. Exiting isn’t an easy process, and the odds aren’t in your favor. Therefore, in order to succeed, the business and the owner must both be prepared to successfully transfer the business.
It’s important to understand the difference between a business exit and a business succession. Both are needed to successfully exit your business, unlock your trapped wealth, protect your legacy and successfully move your company into the next generation or to an external buyer.