Bonus: From Founder to Freedom: Path to Selling a Business and Pursuing Adventure

In this episode, Jacob Koenig interviews Tim Shea, founder and former CEO of FRG Waste, to explore his journey in building and selling a successful waste and recycling business. Tim recounts starting FRG Waste in 1996, initially selling waste handling equipment before expanding into comprehensive services focused on sustainability and landfill alternatives. Over 27 years, the company thrived through its unique, transparent, and client-centric approach. Tim also shares his experience selling another business, Absolute Destruction, and highlights the challenges of the sales process, including due diligence, the importance of solid accounting and contracts, and the value of clear communication with customers and employees. Contrasting his direct sale of FRG Waste with a brokered sale through Woodbridge, he emphasizes the benefits of professional guidance, project management, and expertise. Tim reflects on the emotional transition from CEO to a less stressful lifestyle and reveals his plans to travel the Eastern Seaboard on a hybrid boat, reflecting his ongoing commitment to sustainability. The episode concludes with Tim's gratitude for Woodbridge's support in navigating the complexities of selling his business.   Here’s what to expect this episode: Tim Shea’s journey of founding and growing FRG Waste into a successful waste and recycling business focused on sustainability and landfill alternatives. Insights into the challenges and intricacies of selling a business, including due diligence, preparing contracts, and communicating with customers and employees. A comparison of selling FRG Waste directly versus using Woodbridge, a business brokerage firm, and the benefits of professional guidance in the sales process. The emotional aspects of transitioning from CEO to a stress-free lifestyle and Tim’s plans for a sustainable future, including traveling the Eastern Seaboard on a hybrid boat. Tim’s reflections on the importance of transparency, client focus, and trusted advisors in achieving long-term business success and smooth transitions.   Connect with Tim Shea: https://www.linkedin.com/in/tim-shea-6247191/   Connect with Jacob Koenig: https://woodbridgegrp.com/ Learn more about your ad choices. Visit megaphone.fm/adchoices