A CCIFP’s Guide to Avoiding the Top 10 Pitfalls in Construction Accounting: Pitfall #2 Succession Planning

Construct-ive Conversations

Tune in to Construct-ive Conversation's 10-part mini-series, where we’re discussing how you can avoid the top ten pitfalls in construction accounting. In each episode, we dive into a pitfall and discuss ways a CCIFP can help implement solutions. In the second episode, we dive deep into the critical yet often overlooked aspect of construction business management: succession planning. Whether you're running a family-owned construction company or managing a larger enterprise, this episode reveals how proper leadership transition planning can protect your business's future. Learn essential strategies for identifying future leaders, structuring buy-sell agreements, and developing comprehensive estate plans. Our experts discuss how Certified Construction Industry Financial Professionals (CCIFPs) can guide you through business valuations and create robust financial models for seamless transitions. Don't miss this vital conversation about securing your company's legacy and ensuring its continued success through generations of leadership. Part of our ten-part series exploring common construction accounting pitfalls, this episode delivers practical insights for construction business owners and finance professionals looking to build a lasting foundation for their company's future.

A Business Advisor for the Construction Industry

Our team of Certified Construction Industry Financial Professionals (CCIFPs) can help you navigate the complex revenue recognition rules and job cost accounting methods of the construction industry.
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