How to Plan Your Exit: Turning Over the Keys to Your Business (Qualified Remodeler magazine artice) Sooner or later everyone retires. It is a simple fact of life. Ensuring that a remodeling business survives beyond this inevitability has become an important goal for many remodelers - whether they plan to retire next year, or ten years down the road.
But in planning a succession, tough questions soon arise. Who will take over the company? Will there be enough money for the transaction to comfortably live on? Will a family member or employee purchase the company from you or will you have to sell it to an outsider? All of these questions...
Keep up what you are doing. This class went faster for me than any I have been through, and I have been licensed since the state required it.
Marvin Hexum, President, Hexum Building Corporation
Makes you think about what you do!
Anonymous, '07 BATC Member / Seminar Attendee
Ted Capistrant knows his stuff. He is not a “mirrors and smoke” man. His connections are with proven professionals. He is direct and intense, and I think he could really help us steer this boat. When you talk with him, perhaps he could come to the next meeting with some ideas from your discussion, or maybe just sit in to get a better feel for the big picture.
Kelly Hemp, President, Cornerstone Custom Construction
PBN professionals help company owners and "key" employees understand and build the value of their companies. They consult owners on thoughtfully extracting themselves from the day-to-day by helping define and delegate the duties critical to company longevity and profitability. Simultaneously, direction is given on developing a process for a smooth transition from owner(s) to successor(s) without disturbing company progress. Through this process owners learn how to implement incentive programs to motivate, cultivate and assess successor leader potential. These “pay for performance” compensation ideas are designed to bolster “key” employee retention and provide support for multiple potential owner exit strategies.
PBN also introduces business
owners/operators to each other and connects members
with high quality professional service partners who specialize in the areas of:
