Preparing Your Business For Your Departure with Pete McDowell – [Best of PowerTips Unscripted]
In this episode of PowerTips Unscripted, Victoria and Mark are joined by Pete McDowell to discuss succession planning and how business owners can exit their company. According to Pete, there are four primary ways for a business owner to leave their company: selling the company, transferring the company to family or employees, or ESOP. He […]
Estate Planning 101 with Thomas Croessman – [PowerTips Unscripted] S4 E15
Today on PowerTips Unscripted, Thomas Croessman joins the show to discuss the need for small business owners to plan for their company’s transition in their estate plan. While your business might be humming along now, how will it perform if you’re not around? Unfortunately, most small businesses only survive the first generation because of estate […]
Ep.100: The Drivers that Make for a Successful Exit with John Warrillow
It’s our 100th episode, and to mark the occasion, we’re welcoming back our first guest ever to talk about how to leave your business behind happily. On average, 75 percent of founders who exit their company have regrets within one year of leaving, and only five percent are actually happy with the net proceeds of […]
Ep.99: Adapting and Leading Through a Health Crisis with Jef and Monica Forward
Being able to adapt and lead through a crisis — personal or business — is a critical skill for any business owner. After their best year ever in 2018, Jef and Monica Forward were gearing up for an even stronger 2019. Everything was on course until two key players were diagnosed with cancer. One of […]
Ep.72: [Unscripted Back-Up] Building a Successful, Profitable Remodeling Company with Brandon Bailey
It’s time for another Unscripted Back-Up. It’s a chance to revisit some of our best and most informative episodes. They’re jam-packed with information you can use — so if you missed it the first time around, here’s your chance to catch up. Growing your remodeling company is filled with pitfalls and challenges that can prevent […]
Ep.17: Building a Sustainable Family Business with Wayne Rivers
According to the U.S. Bureau of the Census, roughly 90% of U.S. businesses are family-owned and the Remodeling industry is well represented by closely-held firms, typically started by a founder and then handed down through multiple generations. Family-owned businesses often run into obstacles and challenges, usually driven by “soft issues” such as communication, emotions, past […]
Ep.13: Buying Out Your Business Partner with Rick Goldstein
Business partnerships are a foundation that so many of our R/A Roundtables Members have built their remodeling businesses on… Whether it’s a family or a group of professionals coming together to form a business, each has its own story along the way. In episode 13 we take a closer look at a scenario where one […]
Ep.12: Growing a Strong, Successful Family-owned Remodeling Business with Dolores Davis
Building a business can be both a challenging and fulfilling adventure; Hard work, long hours, doing the little things behind the scenes to help grow the business, etc. Many remodelers out there have not only built strong and profitable businesses, they have done so with the help of family, often spanning multiple generations. Episode 12 […]
Ep.07: Is an ESOP Right For Your Remodeling Business?
When it comes to succession planning and determining an exit strategy from your remodeling business there are plenty of options to consider. Many of our Roundtables members have either sold or handed their businesses off to the next generation, for example… but all of them will tell you that making that determination early in your […]