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.

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.

Thank You Ladies: My Husband is Procrastinating His Roofing Company Exit Plan

What’s your plan to capture over 70 percent of your illiquid wealth trapped inside your roofing business?

Kevin Kennedy

December 13, 2017

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To be perfectly fair to their partners, planning for the exit is complicated, especially when the owner is preoccupied with the day-to-day business.

Roofing Contractor Magazine

2020 March

The March Issue includes RC's Young Guns feature, which highlights young roofing contractors! Check out these 7 successful up-and-comers in the industry as well as roofing business advice, contractor profiles, and more.

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