Mistakes to Avoid If You Want Your Business Sellable: Why 80% of Construction Businesses are Designed to Fail

EPISODE 312: Here’s the reality: Most small construction businesses have unintentionally designed their failure. Surprising, right? And that’s why eight out of ten construction companies find themselves where selling becomes nearly impossible. 

So, what mistakes should you avoid if you dream of selling your business and enjoying retirement?

In this latest episode of The Construction Leading Edge, I unravel the six mistakes that could render your business unsellable. We’ll also dig into the symptoms signaling trouble under the surface.

Lastly, I also share four actionable steps to make your business sellable and why planning an exit strategy shouldn’t be the first thing on your list.

Let’s dive in!

 

Key Takeaways:

Introduction (00:00)

Why 80% of small construction businesses can’t be sold (01:02)

Symptoms that your business is designed to fail (03:54)

Mistake #1 that makes businesses unsellable (10:04)

Mistake #2 that makes businesses unsellable (13:02)

Mistake #3 that makes businesses unsellable (14:08)

Mistake #4 that makes businesses unsellable (17:50)

Mistake #5 that makes businesses unsellable (19:42)

Mistake #6 that makes businesses unsellable (21:01)

Four actionable steps to make your business sellable (23:43)

Why planning an exit strategy should be last on your list (28:02)

 

Additional Resources:

- Watch the replay on How to Recession Proof Your Business HERE

- FREE training on how to get out of your business and make it run without you HERE

- Hear our clients' success stories HERE 

- Schedule your business evaluation call with our team HERE

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The Construction Leading Edge Podcast helps construction business owners maximize their revenue, eliminate chaos, systematize their work, and win back their time.

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