Retirement Onboarding - Legacy

“Basically, when you get to my age, you'll really measure your success in life by how many of the people you want to have love you actually do love you.” - Warren Buffett

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Contributors David Brown

Start with that seemingly simple but very challenging living legacy as defined by Warren Buffett. If you don’t have that - no matter how much money you have - you won’t enjoy retirement.

As the owner of a construction business, what do you want your legacy to be in retirement and beyond?

Here are the basics. How would you fill in the details?

  • Your business is structured for continued success 20+ years after you have left. If done well, you have created a culture of succession, ensuring success for several generations to come.
  • There are people in your life, in your business, and in the construction industry who would point to you as a mentor and confidant in helping them build their lives and careers.
  • How are people talking about you now? How do you want them talking about you in five years? In 20 years?

“A society grows great when old men plant trees whose shade they know they shall never sit in.”

Greek Proverb

This is Part 7 of a 15-Part Series


Topics Covered in the Series Include:

  • Transferring Your Knowledge to the Team
  • Where to Turn for a Helping Hand
  • Post-Retirement Business Involvement
  • Success & Risk
  • The Ideal Lifestyle for the Retiring Contractor

Interested in learning more? Contact us.


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

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

Issue 5 of 9: Cash Generation
Construction Ownership Transition Issue 5 of 9: Does the Business Generate Enough Free Cash Flow to Make the Transition Equitable for All Parties? Review examples and play "what-if" based on your business.
Cash Flow and the 5Cs of Credit - Capital
The 2nd of the 5Cs of Credit is how much capital you are putting at risk, along with your financial partner. Contractors should design and follow their own capital management policies appropriate for their business.
Changing a Good Decision Making Process Based on Results
Construction projects are complex requiring thousands of decisions made across dozens of teams over many months to ultimately result in a good outcome. As a leader in the construction industry the majority of your value-add is.