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Home » Authors » Kevin Kennedy

Kevin Kennedy

Kevin Kennedy is the President of Beacon Exit, LLC. The content of this article is based on his personal experience of successfully exiting his 63-year-old roofing company, the transfer to the company’s third succession team, and his training. The information is not intended to be legal, accounting, insurance or tax advice. Please contact your business advisors for this advice. Beacon is a process consultant that provides written plans and support programs to private owners for succession and exiting their business. For more information, visit www.beaconexitplanning.com. Reach Kevin at kjkennedy@BeaconExitPlanning.com.

Articles

ARTICLES

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Would You Prefer Paying 15% or 57% in Exit Taxes?

Kevin Kennedy
February 25, 2022
No Comments

With more roofing companies looking to sell, now is the time to know some important facts and statistics to inform your exit planning strategies.


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EP_Img01.jpg

Selling Your Business is Not Like Selling Your House

Kevin Kennedy
December 24, 2021
One Comment

Selling a roofing business might seem comparable to selling one’s home, but making such an assumption could be costly to business owners.


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Baby Boomers Are Selling Roofing Companies

Kevin Kennedy
August 27, 2021
No Comments
These 10 keys are sound business practices in preparing your company for a sale or merger and acquisition, adding value to your company whether you sell to a competitor or investors.
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Photo credit: FG Trade/E+ via Getty Images.

Warning! This Could Cost You Everything

Kevin Kennedy
February 26, 2021
No Comments

There are massive mistakes roofing contractors can make when planning for a successful exit, which could account to as much as 70% of their wealth.


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Bar chart

How to Increase the Value of Your Roofing Company by 50 to 70%

Find out your Sellability Score to see whether you need to take the steps that could increase your roofing company’s value by 50% or more.
Kevin Kennedy
December 21, 2020
No Comments

For many roofing contractors, a successful final chapter of their business is to transition or sell it to a new owner so they can retire comfortably. This is a critical phase, as most contractors fail to sell, and most end in liquidation for around 10% of their book value.


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Roofing Business Exit Planning

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

Kevin Kennedy
March 27, 2020
No Comments
Avoid these seven issues with the help of an exit planner so you can gracefully leave your business without outliving your money.
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exit planning

The Contractor’s 60 Minute Exit Plan, Part 2 – How to Cash Out, Eliminate Taxes and Retire Comfortably - Part 2

There's Only One Guarantee – Part 2
Joe Bazzano Kevin Kennedy
January 17, 2020
No Comments
To ensure that your inevitable exit is a successful one - an exit that will deliver on your future financial, personal and business goals - you need an exit plan.
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exit planning

The Contractor’s 60 Minute Exit Plan – How to Cash Out, Eliminate Taxes and Retire Comfortably

CHAPTER 1: There’s Only One Guarantee – Part 1
Joe Bazzano Kevin Kennedy
December 27, 2019
No Comments
No matter the reason for an exit, planning for the inevitable is essential. The stakes are too high to ignore.
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exit planning

8 Key Disciplines of a Successful Exit from Your Roofing Business

Ideally, succession planning should be an ongoing process so that when you’re ready, the final transition can take place in three years.
Kevin Kennedy
November 22, 2019
No Comments
An owner's exit from a business will probably be the largest financial event of their life.
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roofing exit planning

Three Elephants in the Roofing Contractor’s Office Before the Exit

Once you have financial clarity for your retirement you can focus on becoming less of a manager and more of a coach mentor.
Kevin Kennedy
August 21, 2019
No Comments
Many baby boomer roofing contractors intuitively understand they need to plan for the exit but are consumed with the day-to-day grind and procrastinate.
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View All Articles by Kevin Kennedy
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