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.

Baby Boomers Are Selling Roofing Companies

Kevin Kennedy

August 27, 2021

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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.

Photo credit: FG Trade/E+ via Getty Images.

Warning! This Could Cost You Everything

Kevin Kennedy

February 26, 2021

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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.

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

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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.

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

Kevin Kennedy

March 27, 2020

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Avoid these seven issues with the help of an exit planner so you can gracefully leave your business without outliving your money.

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

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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.

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

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No matter the reason for an exit, planning for the inevitable is essential. The stakes are too high to ignore.

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

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An owner's exit from a business will probably be the largest financial event of their life.

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

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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.

Why You Need Both an Exit and Succession Plan

Exiting in the next 15 years? Both the owner and the business need an exit strategy.

Kevin Kennedy

February 25, 2019

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A business owner cannot replace themselves (succession) until they can clearly envision their financial future (exit plan).

Q&A: A Look into "The Contractor's 60 Minute Exit Plan"

Joe Bazzano Kevin Kennedy

October 17, 2018

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Kevin Kennedy and Joe Bazzano's first book, The Contractor's 60 Minute Exit Plan, is a 82-page book offers a guide for roofing contractors to navigate the scary and sometimes treacherous process of exiting their business when the time is right.

Hear how the 2018 Commercial Roofing Contractor of the Year and his sons navigated that challenge and others encountered when running a successful family business.

This webinar describes the high-performance attributes of PRMA components and defines the building code/performance standards and best specification practices to meet fire, wind, thermal, and moisture performance.