Tag Archives: Ownership Transfer
Posted on November 1, 2016 by FMI CorporationWhile there are no cookie-cutter solutions for ownership transfer, there are some viable strategies to consider when it’s time to successfully hand over your company’s ownership to the next generation. As baby boomers move into retirement and millennials continue to make their way into the workforce, the issue of ownership has become acute among many of the nation’s engineering and construction firms. If owners cannot find the talent to manage their firms following their (eventual) retirement, they will lose the ability to dictate how ownership will be transitioned. With these dynamics in play, it is increasingly important for owners to start planning early and focus on the long-term development of the next generation of leaders.
This post was posted in Consulting, Investment Banking, Center for Strategic Leadership and was tagged with Ownership Transfer, Succession planning, construction, NRCI 2014 Q2, construction ownership transfer, construction succession management, fmi icons, fmi industry icons
Posted on February 8, 2016 by FMI CorporationMany construction leaders assume that leader development and succession issues have blown over since the recession put a swift end to the boom years’ war for talent. However, these issues have not gone away; on the contrary, they have become even more acute as a result of the Great Recession thanks to these four key developments:
- The demographics bubble of retiring baby boomers followed by a much smaller Generation X.
- The construction industry’s inability to present itself as a desirable industry for future generations.
- The impact of long-term unemployment, which has driven many young workers out of the construction industry for good.
- Owner and/or company capital bases, which have been reduced by the recession.
This post was posted in Center for Strategic Leadership and was tagged with construction industry, Ownership Transfer, Management Succession, FMI's Ownership Transfer and Management Succession 2013 Survey, Construction transition and succession plans, NRCI 2014 Q2, succession construction
Posted on October 28, 2014 by FMI CorporationFMI all too often sees owners waiting until the last minute to formulate and implement an exit strategy. This usually results in limited exit options and an increased probability of failure. However, with proper planning and timing, an owner can realize the full value of his/her business.
Posted on March 8, 2013 by FMI CorporationAre You Ready To Transfer Ownership of Your Company? By Landon Funsten According to “FMI’s Ownership Transfer and Management Succession Survey,” only 47% of respondents believe they have capable, strong managers who could run the company in their absence. Furthermore, only 44% said they have a formal plan in place to transition themselves out of managing the business, and just 64% have a formal plan in place to ensure continuity of operations in event of their death.
This post was posted in Consulting, Investment Banking and was tagged with A/E/C blog, FMI Corporation, Ownership Transfer, Management Succession, FMI's Ownership Transfer and Management Succession 2013 Survey, Construction transition and succession plans