What Comes Next?

Category: Latest News AU

As seen in Electrical Connection - Spring 2018

There comes a time when every contractor wants to pull up stumps and retire. Laser Group's Steve Keil outlines the seven dos and don'ts of effective succession planning.

Business textbooks suggest you shouldn't start a business without an exit strategy in place. In reality, successfully getting out of business is seldom on the mind of the contractor who's excited about kicking off their new venture. If you haven't given this subject much thought, don't worry, it's not too late. Now is the time to think about how to hand your business over to someone else. Even if you're not intending to exit for several years, now is the time to plan for your business' succession.