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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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.


More from Sue Weiler-Doke
Retirement Onboarding - Integrating Other People and Processes
Retirement Onboarding seems simple enough, but it cannot occur in a vacuum. Owners need to look at all of the stakeholders that will be affected by their decision.
Retirement Onboarding - Issues Specific to Contractors
Construction business owners have a unique set of issues when they are working through “Retirement Onboarding”.
Retirement Onboarding - Success & Risk
Nearly all of the 6 common exit strategies for contractors require the business to continue being successful for the outgoing owner to get paid. There are a couple of things that can be done to help ensure everything stays on track.