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
Growing Your Business and Net Worth
We know a popular definition of succession planning leans towards planning for exit or retirement. However, succession planning is really about setting your business and family up for future success, which is worth celebrating. What better way to celebrate succession planning than to talk about your personal financial goals – [...]
Business Growth and Bench Strength: Recruitment, Retention & Development
Succession is dependent upon SUCCESS, so it is just as much about today as it is about tomorrow. Growth, scaling your business, talent and culture are all essential dynamics addressed through succession strategies. And, there is nothing more valuable to the business than talent. Leadership bench strength is pivotal to [...]
Taking “IT” to Another Level – Leaning Into An Alter Ego
Want to be a better leader, a better communicator, create more options, and move closer to what you want? Alter egos creates the opportunity to turn up or down characteristics, strengths, etc. in certain environments. You can borrow success patterns from one area of your life or leaders/influencers you respect [...]
Business Growth, Consolidation & COVID
Whatever your vision is for your business, it is dependent on your business abilities to succeed through transitions – which is fundamentally the definition of succession planning. COVID 19, Supply Chain Issues, Talent Shortages, Consolidation, and Acquisitions are all examples of Transitions. So essentially, any change to our norm; represents [...]
Acquisition Done! Now What? Hitting the Ground Running After the Close
Succession planning is about creating strategies to take control of the future based on your goals and vision. And if part of your vision involves growth through acquisition, you are in the right place. In this episode with Dan Gavin with Bernstein Private Wealth Management, Michael Rosendahl with PCE Investment [...]
Succession Planning – Create Options & Avoid Catastrophe
It’s been nearly two years of navigating uncertainties brought on by COVID-19. Wouldn’t it be nice to change the narrative and focus on “THE KNOWN” and what we can control? The first KNOWN is our current tax laws, and that they will be changing. In the recent series: “What’s Up with President Biden’s Tax [...]
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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.
