Secrets of Buying and Selling a Construction Business & Why Most Are Unsellable with Mark Powers | E384

☎️Schedule your free business evaluation call with our team HERE  👉Watch our FREE masterclass: Get Out of Your Construction Business: How to Make It Run Without You HERE – EPISODE 384: Have you thought about the future of your construction business?  Most construction business owners don't think about selling their businesses. But here's the reality: One day, your business will either be sold, passed down, or shut down. And if you don't plan for that right now, you risk walking away with nothing. So how do you make your business sellable?  In this week's episode, I sit down with Mark Powers, one of our Systematize Your Construction Business (SYCB) students who's successfully acquired several construction companies. With extensive experience as both an owner and investor, Mark shares key factors that make a business sellable and what to avoid when acquiring one. You'll learn: ⟶ What makes a construction business attractive to buyers ⟶ Common pitfalls in buying and selling a business ⟶ How to determine your business's actual value ⟶ Smart acquisition strategies for rapid business growth …and more! Curious how to run your business without you and make it sellable? Tune in now!   Key Takeaways: Introduction (00:00) Key considerations when acquiring a construction business (02:28)  Everything you need to know about business valuation (05:47) How Mark Powers got into business acquisitions (09:48)  Common pitfalls in construction business acquisitions (14:29) Employee retention strategies post-acquisition (17:03)  Acquisition vs. organic growth (21:34) Why design your business to operate without you (23:45) Mark's journey through our SYCB program (31:43) Advice for entrepreneurs considering business exit (41:57)   Additional Resources: - Schedule your free business evaluation call with our team HERE  - Watch our FREE masterclass: Get Out of Your Construction Business: How to Make It Run Without You HERE -- The Construction Leading Edge Podcast helps construction business owners maximize their revenue, eliminate chaos, systematize their work, and win back their time. Follow us on your favorite podcasting platform so you never miss an episode!