#103: How Will You Get Out of Your Business? Succession and Exit Planning Strategies for Contractors

Jan 21, 2019

01:04:06

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How will you ever retire? When should you start planning for it? What are the options for selling or transitioning your business?

What you'll learn about in this construction podcast episode:

One thing every construction business owner should do immediately for the sake of their family and employees.
Most common mistakes contractors make when it comes to succession planning.
Misconceptions construction business owners have about succession planning, exit planning and selling their business.
The worst case scenario you need to plan for...that's worse than you dying.
The five most common exit strategies for construction businesses.
The key ingredients for each exit strategy.
You might be surprised how far in advance you should start planning for an exit or succession.

Other resources mentioned in this construction podcast episode:

How you can connect with Ken Hedlund of Somerset CPAs:

Ken's email address: khedlund(at)somersetcpas.com