Core Areas of a Lucrative Business
Contractor Evolution • 48m
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?
Planning.
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.
Contact BTA:
https://pca.so/btapcace
Up Next in Contractor Evolution
-
The Fundamentals of Project Management
In trades, the terms ‘project management’ and ‘project manager’ have become somewhat watered-down. The unfortunate truth is that in our industry most project managers are actually just professional firefighters.
That isn’t to say our PMs are doing their absolute best, but what they're missing ar...
-
Guide to Hiring Success
As your contracting business grows you’re going to encounter an interesting and complex scenario (and you may have already) that you are recruiting for, and hiring, a role that you know very little about.
Here's a classic example - you’ve expanded to the point where you're hiring for a dedicated...
-
Build A Trustworthy Brand
Branding has never mattered more than it does right now. People, the public, your customers, are busier than ever.
Not only that, but the competition for their eyeballs, their attention, has never been fiercer. Between social media algorithms, shrinking attention spans, and an ever-expanding ma...
