Don’t put off succession planning. Consider creating a formal transition plan that includes mentorship, organization, strategy, and finances. Read more at Construction Today.
Most construction companies are led by larger-than-life, charismatic leaders. Oftentimes, they have built their businesses from the ground up based on strong professional contacts and their reputations within the industry.
So, when it comes time for that leader to retire, a thought-out and well-crafted succession plan is essential to preserve the value of the general contractor company.