If you’re thinking about selling your construction company and gaining the best outcomes, it’s imperative that you take the necessary steps today towards making sure it’s saleable. The process is far more complex than just putting up an announcement that it’s for sale, especially since potential buyers will have to look into a number of things before they even consider buying your company.
In this week’s Construction Genius podcast episode, I am joined by Brent Beshore, founder and CEO of Permanent Equity. We talk about transfer issues that most companies face and key things buyers are looking for in a company. We also discuss what nepotism is and how to avoid it. This is a very informative and helpful discussion especially for those who are planning on selling their companies.
Tune in today and gain amazing insights from this topic.
What’s Discussed in This Episode:
1:40 The 1 thing that makes your business attractive for a potential buyer
2:22 Biggest transfer issues in companies
3:51 Delegating decision making roles to other people in the company
6:35 Allowing creative abrasion
9:11 How to systematize intuition
11:18 Key KPI’s looked at during company acquisition
12:14 Understanding the things you are monitoring
14:33 Core things
15:25 Defining nepotism
15:54 Overcoming the tendency to nepotism
18:22 Best structures to attract buyers into investing in companies
20:43 Picking the next generation successfully
25:31 Immediate steps to put yourself out to buyers
28:57 What Brent’s company Permanent Equity is about
32:26 How to get in touch with Permanent Equity
33:21 Brent’s restaurant recommendation
About the Guest:
Brent Beshore is Founder and CEO of Permanent Equity which was established in the year 2007. He specifically leads the acquisition and diligence teams of his company while supporting portfolio company operators. Aside from Permanent Equity, he also sits as one of the board of directors of Tandy Leather and is active in Love INC, a mid-Missouri-based non-profit.
- Visit Permanent Equity’s website (https://www.permanentequity.com/)
Books mentioned in this episode:
- Checklist Manifesto (https://www.amazon.com/Checklist-Manifesto-How-Things-Right/dp/0312430000/)
- Booches (https://www.tripadvisor.com/Restaurant_Review-g44257-d1176434-Reviews-Booches_Billiard_Hall-Columbia_Missouri.html)
Connect with me on LinkedIn. For more podcast episodes, you may also visit my website. Tune in and subscribe to the Construction Genius: A Leadership Master-Class Podcast on Apple Podcasts, Spotify, and Stitcher.
Thank you for tuning in!