Selling a business involves lots of negotiations, paperwork, and money. But business owners don’t always consider the emotional side of selling. What can an HVAC business owner do to determine if they are emotionally ready to part ways with their business? Some business owners and business-savvy individuals shared their thoughts on how to be introspective during this time. Keep reading to pick up some ideas from them. Jennifer Spinelli Founder & CEO of Watson Buys. Contemplate Emotional Factors When deciding [...]

All transitions come with their challenges, but you can take steps to minimize those challenges. As you prepare for your HVAC company to change hands to the next owner, some thoughtful tips can help make the conversion as seamless as possible. Some business-savvy individuals shared their tips for a successful transition below. Patrick Grayson Founder and CEO, Paramount Property Buyers. Establish a Detailed Transition Plan In order to ensure a smooth and successful handover of your HVAC business, it's important [...]

While you’ve made the momentous decision to hand over the reins to your business, it can feel like you’re handing over your child. You don’t entrust its wellbeing and care to anyone. It’s crucial to select an HVAC business broker that fits your interests. But how do you know who will represent you and your business the best for you? These business brokers give some helpful tips for selecting the right broker for your goals. Brandon Ward Business Broker, Vested [...]

Business owners decide to sell for many reasons: They’re tired of being the boss. They’re empty nesters, so they don’t need reliable income anymore. They want more freedom. There are impending industry changes. You could make guesses all day. If you’re wondering why owners offload their HVAC businesses, these brokers and business executives cite some of the most likely reasons below. Continue reading to put your mind at ease. Andrea Bousaid Business Broker, First Choice Business Brokers. Technician Shortage Straining [...]