Exiting from a Professional Services Business with David Shealy, CPA, CGMA (Ep.21)

Summary

When you think about exiting a business, you are planning for more than passing on a title and money. You need to consider the physical assets and your own personal goals as well.

In this episode, Mark Dorman is joined by David Shealy, managing principal of HW&Co., Mansfield OH, in discussing the challenges and importance of succession planning in the agribusiness industry, as well as the unique farming communities in small towns. They explore the importance of thinking like a buyer and finding the right fit when preparing for a business transition.

David discusses:

• His journey through the business world before he started considering an exit strategy
• Why he started his exit plan and with whom
• How family businesses are the same and different from other companies, especially in the agricultural sector
• The importance of considering a business sale from the buyer’s perspective
• And more

Resources:

• Finish Big: How Great Entrepreneurs Exit Their Companies on Top by Bo Burlingham

Connect with Mark Dorman:

LinkedIn: Mark Dorman 
Website: Succession Planning & Business Advisory Services | Succession Plus US
Email Mark: mdorman@succession.plus
LinkedIn: Succession Plus USA
Facebook: Succession Plus USA
Call: (330) 350-5410

Connect with David Shealy:

• LinkedIn: David Shealy
• HW&Co., CPAs & Advisors

About Our Guest:

Dave Shealy is the managing principal of HW&Co.’s Mansfield office. His former firm, The Shealy Group, merged with HW&Co. in November 2021.

Throughout his career, Dave has evolved into a trusted consultant and advisor for his clients, integrating himself as a member of their teams to find solutions and help them reach their goals. He has had the opportunity to work with very successful entrepreneurs and their advisors, for which his focus has been on strategic planning, identifying and resolving operational inefficiencies, revenue cycle enhancement, and establishing a strong link between a company and its finances. His belief is that the better he knows and understands clients and their business, the better he can assist them with their needs.

Succession Plus