Here’s a common scenario: Two contractors have worked equally hard over 20 years in their businesses.
At the end of the 20 years, one sells off their assets for $200K, while the other sells their business for $10M.
What’s the difference?
If you want to build a business of tremendous value that can thrive without you and allow you to cash out and move on, then Kevin Shaw, our guest on this episode of Contractor Evolution, has some invaluable insights to get you there.
Kevin is the President and Managing Director of Canada Corporate Finance Baker Tilly, which specializes in mergers and acquisitions.
Kevin has been involved in hundreds of business deals over the years. With all his experience, he gives us the 7 core areas he’s looking at when he values a business for sale.
Unfortunately, these 7 areas can’t be built into your business overnight. Most take years to develop and integrate into your company, so it pays to understand them well in advance.
If you have a vision for your business that involves you ‘Cashing Out’ one day, this episode is a must-listen.