Items Tagged with 'succession planning'

ARTICLES

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

March 27, 2020

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 – 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.

Non-Tax Related Rules for Business Succession

Blood may be thicker than water but blindly following blood lines can create a quagmire.

Monroe Porter

May 4, 2018

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Family business consultants and research estimates that 30 percent of businesses make it to a second generation, and only 12 percent to a third.

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.

How Tax Reform Could Mean a "BOOM" to Commercial Roofing

New tax laws will make it less expensive to operate your business this year compared to last.

Joe Bazzano

February 22, 2018

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This article will review some of the tax reform bill’s provisions as they relate to business owners in the roofing industry, and provide some guidance on changes that may be appropriate for the exiting owner.

Exit Planning: How to Retire by Replacing Your Income and Replacing Yourself

Art Aisner

February 5, 2018

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Leaving any business that you've spent a career building can be a challenge.

More Articles Tagged with 'succession planning'

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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