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A successful exit hinges on three factors aligning: 1) the owner is personally ready, 2) market conditions are favorable, and 3) business performance is strong, and risks are minimal. Owners need to focus on #3 so that when #1 and #2 align, the business is ready for acquisition. For a successful exit, the answer should usually be Yes.
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Mahoney said there is a massive shortage of collision technicians globally, citing research by the TechForce Foundation that showed 110,000 new technicians will be needed by 2028. Kindle invested in the resulting business plan to test the model for two years. We meet, we share best practices.
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I have data from TechForce that says we need well over 110,000 new technicians by 2028 and beyond. And for those of you that may not realize it, we are privately held, owned and operated family business. In fact, Jack started this business here in St. I took it back, I built a business plan. He was a military vet as well.
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