Items Tagged with 'succession planning'

There has been a lot of private equity activity in the service trades since the COVID-19 lockdowns. Suddenly, boring old businesses gained monetary sex appeal when they were declared essential and could continue making money while many other local businesses were effectively shuttered. This has led to a land rush for good service contracting businesses and many plumbers have grabbed the brass ring while the grabbing was seen as good.

Follow these seven tips to keep you safe during a disaster.

The company should always come first.

Consistency helps to set the right expectations.

Do your homework to find the right fit for both of you.

The key phrase here is “financial gain.”

Sometimes, we can be lucky enough to know we need a business plan.