Retirement Onboarding - Introduction

Retirement Onboarding is something that construction business owners must regularly be working on for themselves and other key team members.

Sue Weiler-Doke Profile Picture
Share
Contributors David Brown Profile PictureDavid Brown

Helping contractors build stronger businesses for the next generation is the core of what we do when we are advising contractors, and retirement onboarding is an important piece of the whole. 

It is only by fully integrating market strategy, organizational structure, talent, and consistent execution that a business owner can truly have success in their business succession plan. It is only by fully integrating both personal and business needs that their overall retirement will be successful.

This is Part 1 of a 15-Part Series


Topics Covered in the Series Include:

  • Retirement Issues Specific to Contractors
  • Post-Retirement Business Involvement 
  • The Ideal Lifestyle for the Retiring Contractor
  • Integrating Other People and Processes
  • When is it Too Late to Start My Retirement

Interested in learning more? Contact us.


Retirement Onboarding - Introduction
Retirement Onboarding is something that construction business owners must regularly be working on for themselves and other key team members....

Retirement Onboarding - Introduction
Retirement Onboarding is something that construction business owners must regularly be working on for themselves and other key team members....

Connecting Metrics to Activities and Outcomes
Outcomes are created through doing the right activities. Data is only a proxy for that activity and a metric is a synthesis of lots of data points. Metrics are valuable, but always have a skeptical view of proxies for performance, especially with growth.
Capital Constraints to Growth (The Basic Formula)
Capital is one of the three primary growth constraints for construction contractors. Use this simple formula to determine how much of your pre-tax net profits need to be retained in the company to support growth and to establish your safe growth limits.
Impacted Productivity - Stacking of Trades and Installation Efficiency
Each craftsperson needs about 200 usable square feet for a productive installation. This assumption is included in production units used to estimate and budget projects. Having less than that can impact productivity up to 50%.