Chapter Corner

Kevin Kennedy

Cash Out and Pass the Baton: Understanding Exit Planning and Succession

In running your contracting business there is only one guarantee: You eventually will exit – either voluntarily or involuntarily. The day will come when you will have to say goodbye.

Exiting is not an easy process, and the odds are not in your favor. Therefore in order to succeed, the business and the owner must both be prepared to successfully transfer the business.