Succession Planning for Construction Industry

Succession Planning for Construction Industry2021-03-25T18:08:36-05:00

Construction Succession Planning- Building Long-term Business Value

Building sustainable structures to weather the elements for generations takes a collaborative approach with a diversity of specialties to get the job done. Architects creatively design the plans based on the vision communicated, engineers confirm the structure can absorb the weight and the litany of contractor and subcontractor specialties identify the durable products and implements the design. Construction succession planning is no different.

Cultivating a business to support your lifestyle and all those depend upon it requires a diversity of specialties collaborating to make your vision a reality.

Whether you are looking to grow your business and/or looking towards business transition, for the past 45+ years our meticulous attention to the probable, possible, potential details allow you to prepare and avoid any looming issue impacting your goals. Having a proper succession plan for your construction business help navigate these tumultuous situations is a must.

As experts in the complex, we approach the business from 10 interdependent perspectives, which optimally positions your business to grow, sell to a third party or transition to the next generation. The number one thing business owners notice when they engage our services is clarity and a strong path forward.

What happens when you decide to takes the next step towards the future you imagine…now? Business ownership by nature is risky; succession planning however creates strategies and structure to put you in control. That’s why you need to turn to The Rawls Group for your construction succession planning needs,

Resources

As Featured in Floor Covering Weekly: Succession to Succeed

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Succession planning is pivotal in ensuring the longevity and continued success of businesses, especially within the flooring industry. This complex process requires foresight, strategic decision-making, and careful consideration of both business and family dynamics. Kendall Rawls, Director of Development at The Rawls Group, shared her invaluable insights on this intricate subject with Floor Covering [...]

Unlocking the Secret to Attracting and Retaining Top Talent

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The Holistic Approach Every Business Owner Should Know In the highly competitive world of modern business, business owners must attract and retain exceptional talent to drive business growth and achieve the desired return on investment. While offering competitive salaries and benefits is essential, it alone cannot ensure employee satisfaction and loyalty. Fortunately, there are [...]

Paving the Way for a Smooth Succession in Family Businesses

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In family business environments, it is common for business owners to feel overwhelmed by the question of who will become “king” or “queen” when there are multiple capable family members working in the business; especially when not all candidates are suitable for the leadership role. Competition among family members can be either positive or [...]

Empowering Women in Leadership: Owning Attitudes, Breaking Limiting Beliefs | Part 1

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In this thought-provoking video, we delve into the crucial role of ownership in leadership, whether you're a team member or a team leader. We explore the profound impact of how you choose to show up and influence those around you through owning your attitude, a fundamental aspect of women in [...]

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The Succession Planning Matrix

Many people put off succession planning because they think it means retirement, exit, and the end. However; succession planning is just the beginning. It gives the owner options in terms of what “their next” looks like, whether that be growth, philanthropy, or a new business venture. Our process focuses are addressing 10 key areas of what we call the Succession Matrix.family-business-succession-planning

Click the following link for more drill-down resources on The Succession Matrix, or check out our Facebook post.

Sign up for our monthly e-newsletter to stay informed on how to overcome related succession planning issues.

We can help you with insights, other resources, and see if it makes sense to work together. At the very least, in 30 minutes, you may get some ideas you can apply to your business right away.

What is Changing In the Areas of Estate Tax?

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Leadership in Uncertain Times

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