Construction Genius

61 - Future Phobia: How to Overcome Your Fear and Craft an Effective Succession Plan

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Sinopse

Have you ever thought of transitioning your business over to new management in a way that you still have enough control to make a difference, but do less of the tasks that you do as an owner? An effective succession plan can be tricky. Thinking of how much blood, sweat and tears you've shed for your business to grow and to just hand it over to someone else is a tough decision to make. Knowing how to put a solid succession plan in place before you begin is crucial. In today's episode, Walt Stahl shares with us his thoughts, wins and struggles as he transitions his business to his A-Team, even gifting portions of the business to them. If you are thinking of creating a succession plan, then this episode is for you.   What's Discussed In This Episode: How is Walt's company currently structured? [05:16] What action is Walt taking for the transition of his company? What is the underlying foundation of the value of his company? [08:19] How do you transition the company internally to your team?  [09:55] Why is Walt