Four steps to achieve a sustainable management succession plan
Owners of construction businesses often have a vision of what their dream exit looks like but don’t know how to begin the process. Here are four steps for creating a sustainable succession plan via Construction Executive.
There’s a glaring discrepancy in the construction industry between the kind of business exit that owners want and the kind they get.
Many owners of small to midsize construction firms want to leave in a way that ensures their legacy and keeps the company name on the door. Their other desire is to give key players in the company a chance to step up, work hard, and have their own chance to profit from the success of the business.