Skip to Content
Four steps to achieve a sustainable management succession plan
Article

Four steps to achieve a sustainable management succession plan

December 4, 2019 / 5 min read

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.

LEARN MORE

Related Thinking

Washington D.C. skyline against a cloudy sunset.
January 13, 2025

A closer look at prevailing wage and apprenticeship requirements for bonus IRA energy tax credits

Article 9 min read
Construction professionals reading on their laptop about succession planning.
January 10, 2025

Building a legacy: Ensuring effective knowledge transfer as part of succession planning

In The News 5 min read
Businessperson having a cup of coffee while viewing their monitor screen.
January 7, 2025

Golden parachute payments explained: Navigating 280G regulations and mitigating penalties

Article 5 min read