This episode focuses on selling a commercial construction business. Dave walks you through the three basic types of exit plans. He discusses the reality of winding down a business and the pitfalls one will face. He then takes you through the nuances of an internal sale, one where management buys out the owner. On a subsequent podcast, Dave interviews experts in “Exit Planning” that does a deep dive into everything from grooming your staff to setting up a sale that will enable the company to do its business while offering the seller the best tax treatment on the proceeds.
The focus of Episode Two is on “external sales”, selling to a national company who is in your space. He discusses everything from the initial NDA to closing and beyond. He will walk you through the process, including the valuation of a typical business, due diligence done without interrupting your staff, potential reaction of your employees and clients, and life after the sale. Whether you are looking to sell your business, or are in a business being sold, this podcast will be a valuable resource.
Look at this podcast as an entertaining form of continuing education, on your schedule, from people who have been through it…. Together, we can “Elevate the Industry”.