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

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

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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:

Get your free 10 day trial of The Construction Business Accelerator

Free video series: Secrets of Successful Contractors

Free Strategy Call – Own a construction business? Click here to schedule your free strategy session with Todd Dawalt.

 

How you can connect with Ken Hedlund of Somerset CPAs:

Company website: www.somersetcpas.com

Connect with Ken Hedlund on LinkedIn 

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