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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.
These six exit strategy pitfalls could create financial risks before and during your exit and retirement. Learn how to navigate one of the largest financial events in your lifetime
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.
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.
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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