The Mackey Group advises company owners through effective valuation and transition strategies, ensuring owners and employees are prepared to take the company to the next level. It is critical to know where you are going to understand what decisions you need to make now. Do you eventually want to sell your business? Are you looking to grow through acquisition to make a sale down the road more lucrative? Do you plan to pass your business to an heir or third party?
In order to prepare for a successful transition no matter how far in the future that may seem, the Mackey Group can help you understand where you are and how to get where you need to go to maximize the potential for a successful and profitable transition.
We can help you make better, more impactful decisions by providing you a roadmap for your transition strategy. We initiate this process with a valuation to understand the market value of your fire protection business – from a team of experts with deep industry knowledge and expertise.
There are several factors that guide how we view the state of your business and its trajectory. It is important to establish benchmarks in the following areas:
o What is the state of your business?
o What are your key performance metrics (KPI’s)?
o Are you meeting goals and KPIs?
o What is the state of the local and regional economy?
o What is the state of the local, regional, and national fire protection industry?
o How do these factors influence your strategy and what adjustments should you make?
When to Start Planning
Valuation, benchmarking and transition strategies are all processes that should be ongoing during the life of your business. You need your “X marks the spot” for where you are now so that you can plan where you are going and how you will get there. Once you have established the state of your business and set your KPIs, you will have a better understanding of what a successful transition can look like for you.
The Mackey Group has a team of experts to help you navigate your transition strategy and put you in the best possible position for a lucrative and smooth transition. Reach out today to begin your path to success.