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.

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.

Can You Afford to Exit Your Roofing Contractor Businesss?

The fear of outliving your money can easily be diminished with an investment in basic exit planning

Kevin Kennedy

August 27, 2018

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Most owners, whether their business is worth $2 million or $30 million, continue to be stuck in their business until they can clearly see the path to replace their income and maintain their lifestyles.

7 Key Risks in Your Roofing Business Exit

Kevin Kennedy

April 11, 2018

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Most company owners have never exited a business and are unaware that the odds are against them.

This webinar is a must-attend for all roofing contractors who are looking to understand industry expectations for residential and commercial sales in 2021 and beyond.

Kevin Kennedy

ARTICLES

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

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

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

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

8 Key Disciplines of a Successful Exit from Your Roofing Business

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

Why You Need Both an Exit and Succession Plan

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

Can You Afford to Exit Your Roofing Contractor Businesss?

7 Key Risks in Your Roofing Business Exit

Roofing Contractor Magazine

2021 January