Subscribe and listen every Friday
Succession Planning and How To Exit Your Landscape Company
So you've built a successful landscape business that services an extensive list of customers, but your ready to retire and not sure how to exit the business, sell the company, or successfully transition the business to a new owner.
Most landscape owners that have been in the business for an extended period of time actually end up in this position more than you might realize. It's the exact reason why LMN CEO Mark Bradley and Ron Edmonds from the Principum Group sat down for a conversation on Landscape Disruptors.
Throughout this episode, Mark and Ron cover mergers and acquisitions, how to build value within your landscape company, how to evaluate your business for what it may be worth, and how to potentially sell your landscape company when you are ready to retire.
But what is succession planning exactly? Succession planning is a process for identifying and developing leaders within your landscape company who can replace the old guard when they leave or retire. This process usually ensures the company can live on successfully long after the owner has exited the business.
Ron Edmonds serves as a principal consultant for The Principium Group, Inc. He is a corporate finance professional with extensive experience in merger and acquisition transactions. Over the past 15 years, he has played a key role in over 300 M&A transactions, including due diligence, negotiating, directing other professionals and planning the integration of operations. His experience includes 8 years as a chief financial officer and 13 years in public accounting with a Big 4 firm. Ron has significant experience with the health care, consumer services, financial institutions, manufacturing, distribution and entertainment industries.
He is a member of the Association for Corporate Growth, M&A Source, the International Business Brokers Association and the National Association of Landscape Professionals. He holds B.S.B.A. and M.S. degrees in accounting from Oklahoma State University. Ron has been designated an Industry Expert for the lawn maintenance and services category by Business Brokerage Press, Inc. and is a contributor to its Business Reference Guide
Sponsored by LMN
If you liked this episode, you might also like LMN business management software built by landscapers for landscapers. Try LMN Free today.