Issue 8 of 9: Industry Trends

Construction Ownership Transition Issue 8 of 9: The Construction Industry is Seeing Large Shifts With Several Interrelated Trends.

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How well the company is positioned to leverage these trends will have a huge impact on valuation and the ability to generate the cash required for the transaction.  

Succession: Ownership Transition Issues - Number 8 Industry Trends. Focusing on Project Deliver Methods, Technology, Geographic Expansion, and Talent Shortage.

Contractors that are poorly prepared for these trends will find lower valuations and fewer exit options. They are also likely having significant problems attracting and retaining talent, which is in limited supply as the best talent is attracted to the teams that will win tomorrow.  

Consider our Executive Briefing to prepare your team.


Succession
Continue building value in your business, yourself and your key team members with a good succession strategy....

Succession
Continue building value in your business, yourself and your key team members with a good succession strategy....

Evaluation Categories and Weighting
Whether you are evaluating your own performance or someone else’s, it is important to start thinking about some of the higher level categories. The weight assigned to each of these depends on the stage someone is at in their career.
Black Box Thinking
Failures, mistakes and problems are part of every contractor’s business. What separates out high-performing teams is a relentless focus on learning from these problems then creating systems and training to mitigate them in the future.
Contractor Exit Strategy 2 of 6: Pass Down to Family
Contractor Exit Strategy 2 of 6: Pass Down to Family. This is a very common strategy for contractors and is successful for those with interested family member(s) who are effectively working in leadership roles.