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Published on Mar 23, 2017
As part of the "What's Now" Speaker Series at CONEXPO/CON-AGG 2017, Mike Africk of Clifton Larson Allen spoke about succession planning in the construction industry.
Many business owners expect to someday pass on their pride and joy, most likely to their children, but possibly to another family member, an employee, or an outside buyer. This change in ownership is a common strategy to fund the owner’s retirement and carry his or her creation down through the generations.
One of the challenges a business owner faces is determining what your business is worth. To avoid this roadblock owners of a construction company should prepare as much as possible for the sale, and carefully assess factors impacting the value of their company. Whether you or a family member owns a business, or you are in line to become an owner, here are some factors that will help you maximize the enterprise value of your business.
See our full show highlights at: CaseCE.com/ConExpoRecap