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
Family Business: Avoiding the Kicked Hornets Nest
A hornets’ nest or even a beehive from afar appears to buzz with activity. It’s quite interesting to watch nature in action, which ironically is very similar to families and working in a family business. There are roles each individual plays and a set of standard operating procedures that allow [...]
Paving the Way for a Smooth Succession in Family Businesses
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 [...]
Ownership and Accountability
Ownership is a big part of leadership as a team member or team leader. How you choose to show up and influence those around you is owning your attitude. Everything you do impacts someone else in some form or fashion, positively or negatively. Ownership is taking responsibility for your actions [...]
Finding the Magic of the Holidays
Like many of you, I work alongside a mixture of blood-related family and long-term loyal employees. We are all juggling to try to take the time to “enjoy” the holidays, closing the year off on a high, building strategies for next year, and wondering if or when we will find a breath. It is [...]
Holidays, Magic and You
Holidays bring about a mix of emotions. Deep feelings, expectations, and reflection as well as celebration, joy, and cheer. The mixture can be very confusing. Listen in to hear “Your Tribe’s” experience in managing the expectations and pressures of the holidays. Link to Resources: Mindboarding Session: Set the tone for [...]
When Is It Time for Me to Give Up Control of My Business?
Kendall Rawls is filling in for Dr. Merlot to answer questions he has received from family business owners across the country. Before we get started, you may be wondering who is this Dr. Merlot Dude? The Doc is the straight-talking alter ego of Loyd Rawls, who is the founder of The [...]
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The Succession Planning Matrix
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.
Click the following link for more drill-down resources on The Succession Matrix, or check out our Facebook post.
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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.
