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Episode 293

2 hours ago
2 min read

10/1/26

Topic: From CEO to Exit: Hope Is Not an Exit Plan

Guests: Donnie Shelton & Dan Gordon, CPA & CEPA


In this episode we discuss:

  • Our sponsors Coalmarch by Workwave, PestSure, Voice for Pest, Forshaw & PestPac by WorkWave

  • PMP Industry Insiders Peer Groups & Conference

  • The inspiration behind the new book Dan co-authored with Brian Post, CPA & Matt Gordon, CPA: From CEO to Exit: The Ultimate Payday for Pest Control & Lawn Care Owners, which provides a roadmap for business owners looking to maximize their company's value

  • How it's a follow-up to his first book, From Technician to CEO: The Evolution of a High-Growth Pest Control and Lawn Care Company

  • The book's release date: Oct. 20, 2026, and Dan's offer to send pest and lawn owners a free copy

  • The evolution of the M&A landscape in the pest control industry and the increasing prevalence of private equity and strategic buyers

  • The "steakhouse math" phenomenon where owners create unrealistic expectations based on anecdotal stories about other businesses' sale multiples

  • How "hope is not an exit plan"

  • The importance of having a concrete plan for one's life and finances beyond the business before considering an exit

  • Certified Exit Planning Advisors and the three-legged stool concept for exiting, which balances personal assets, business sale proceeds, and post-exit life purpose

  • The differences between the wealth gap, the value gap, and the price gap that business owners must address

  • The problem with "napkin math" and how to understand multiples

  • The technical definition of adjusted EBITDA as a key metric for determining business cash flow and valuation


Resources mentioned:

Notable: "You don't ever want to sell your business on a day that you're having a bad day or a bad week... You want to have a carefully crafted plan." —Dan Gordon, CPA & CEPA

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