From Leader to Executive: Your Roadmap to C-Suite Success
Transitioning to the C-suite is as much a personal journey as it is professional. Remember, the path to the C-suite isn’t just about climbing up — but about growing into the leader your […]
Succession Planning
Craft a Strategic Succession Plan for Your Construction Company
You don’t get a second chance at succession. Our latest study found that 58% of companies don't have an ownership transfer plan at all. When asked about the top two roles, only 17% had formal plans for transfering the responsibilities of the board chair and 36% for the CEO.
For most business owners, this is the biggest decision you’ll ever face. And that requires guidance from those who know construction and the built environment.
Transitioning ownership and leadership of a construction business is never simple. Whether selling to a third party, handing off to a new management team or passing the business to employees or family, the process involves complex financial, organizational and emotional decisions. Without a clear plan, it’s easy to lose momentum or miss the mark entirely.
Ask yourself:
- Who will take over the business?
- Is my business ready for the future?
- How do I begin transitioning my business in a way that protects what I’ve built?
- How can I ensure the long-term success of my business well after I am gone?
- How can I accelerate my next generation of leaders’ growth and readiness?
- What’s my timeline and do I know where to start?
We can help you craft a customized roadmap that aligns with your long-term goals and gives your business the best chance of thriving in the hands of its next leaders.
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Our Insights
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