Family First, Business Strong
Mastering the Challenges of Succession Planning in Construction
By Jerry Aliberti, Owner of Pro-Accel
For family-owned construction businesses, succession planning presents both excitement and challenges. Transitioning leadership to the next generation is a significant undertaking, especially in a field where each project is deeply personal.
Many second-, third- or even fourth-generation owners express eagerness to embrace change, yet hesitation often creeps in. Concerns about resistance from the founding generation, who built the business from the ground up, are common. The emotional investment in the company can make the prospect of letting go daunting.
Numerous construction
6 November 15, 2024 www. contractorshotline. com