Whether you’re considering selling your construction company internally or to an outside buyer, the best strategies involve planning your eventual transition several years in advance. Somewhere between three and seven years in advance is good timing, time enough to identify issues and implement solutions.
Selling equipment on your own is a lot easier with Ritchie List, which provides customers the control they want and the tools they need to sell privately for top dollar.
Engineering and construction organizations that invest in developing future leaders and building their businesses with multiple paths to owner liquidity are positioning themselves for long-term success.
Most owners continue to be stuck in their business until they can clearly see the path to replace their income and maintain their lifestyles in retirement.
The entire process of exit planning can be bogged down with the technical jargon of accounting, law, tax codes, estate planning, insurance and financial planning.