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Born with a golf club in his hand, Mike brings fun, light-hearted humor, and enthusiasm for life to FP Transitions.

Mike has played golf for as long he can remember and achieved his first hole-in-one at the age of ten, so it should come as no surprise that he played golf for Oregon State University while he studied journalism.

 

In his early career, he found himself working in business and advertising, and eventually landed a job with Nike Golf as a sales representative for golf apparel. Winning both the Regional and National Sales Rep of the Year awards, he helped develop the concept for the Mobile Pro Shop when he noticed apparel and equipment were competing for the same business. The Mobile Pro Shop is now considered an industry standard in the golf business.

 

With the spirit of an entrepreneur, Mike built a business from scratch and later sold it. As a former business owner, Mike understands the financial and emotional hurdles that go into selling a business, and he brings that experience with him to the FPT team. Mike works across multiple departments, including Business Development, Legal, and Valuation & Member Services. He supports clients and helps them navigate their experience with FP Transitions, ensuring each client gets the most out of their engagement and has the best experience possible.

 

In his free time, you can find him playing golf or enjoying the Oregon outdoors with his two daughters. He continues to play competitive amateur golf in the Pacific Northwest.

Webcasts & Resources

Blog

Monitoring the Health of Your Business with Annual Checkups

Blog

Continuity Now: Don't Leave Your Business Unprotected

M&A Playbook

What Sellers Want: Multi-Generational Buyers

M&A Playbook

Fit Above Everything Else

Mike McKennon’s Blog Posts

Monitoring the Health of Your Business with Annual Checkups

Completing an annual valuation on your business is the financial service industry equivalent of undergoing your annual physical. I’ll turn 55 this year and I have resigned myself to the fact that prescription medications have officially become their own food group and an annual physical is no longer optional. My annual pilgrimage happens to take place in the spring tucked neatly amongst the sporadic appointments to see specialists for knees, elbows, near sightedness, far sightedness, rotator cuffs and something about my lumbar. Now, the key word here is annual. If I had my cholesterol checked 10 years ago and then never again how am I going to know if what I am doing is working? An annual examination provides a historical record of your overall health including your vital signs enabling you to make changes in order to perform at your best. The good news is that, unlike my annual physical, your valuation results should get better as your business matures. Your business is a living, breathing entity. Just like the investments you make on behalf of your clients, it needs to be nurtured, protected, and developed in order to realize its maximum value. It’s important that your valuation be updated annually. The monetary value of your practice is just one of many pieces of information to be gleaned from a professional business valuation.

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Acquisition, Business Growth, Business Value, Exit Planning, Continuity, Benchmarking
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