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Financial Management – A Keyway to Succeed at Succession is by Laying the Proper Groundwork

For many construction firm owners, the right transition isn’t just about choosing the right exit strategy or succession plan, it’s about ensuring the business is in the strongest possible position before a transition even begins. That’s why this is one of the most difficult decisions of ownership and why the keyway to a successful transition is through preparation—be it an owner considering family succession, an internal buyout or ESOP (Employee Stock Ownership Plan), selling to private equity or merging or selling to another firm.

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