Businesses are facing talent shortages at all levels – at the front lines and in the C-suite. In some industries, like construction, talent issues can complicate exit plans. At some point, there may not be enough leaders left to take over for all the owners who want to exit.
Now more than ever, succession planning can protect your business value. Buyers are looking for companies with a strong management team ready to lead.
If you’re thinking about exiting in the next five years, talk to us about your options – including ways to incentivize key employees and how to protect value when you don’t have a successor in place.
For advice on exit planning or selling a business, contact Al Statz, CEO of Exit Strategies Group, Inc., at email@example.com. Exit Strategies Group is a partner in the Cornerstone International Alliance.