Retirement Onboarding - The Ideal Lifestyle for the Retiring Contractor

Do you know how you want to spend your first day in retirement?

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Contributors David Brown

Will you be up with the sun as usual or do you intend to relax with a cup of coffee and the news? If you’re like most business owners, these are some of the questions that keep you up at night while you are contemplating retirement.

You have most likely spent 50-90 hours per week, every week, during your career getting the company up and running and working to keep it running. Now is the time to look up, look around, and contemplate how you want to spend the rest of your life.

This isn’t just about how to spend your time. This is about how to live fully in the life you have. Work-life balance has probably mostly been work. Now is the time to see that work-life balance is really all about life. Time at work and time away from work have to co-exist.

What passions do you have? Is it travel? Is it industry advocacy? Is it family time? A good way to prepare for the additional time available to spend on your retirement endeavors is to give it a test drive before you retire. Do you really want to spend weeks traveling or are you just in love with the idea of wanting to travel? Plan some trips and see how it goes. If you love it, then keep doing it. If you don’t, move on.

This is Part 4 of a 15-Part Series


Topics Covered in the Series Include:

  • Integrating Other People and Processes
  • Issues Specific to Contractors
  • When is it Too Late to Start My Retirement
  • The Construction Retirement Masterpiece
  • Success & Risk

Interested in learning more? Contact us.


Retirement Onboarding - The Ideal Lifestyle for the Retiring Contractor
Retirement Onboarding is something that construction business owners must regularly be working on for themselves and other key team members....

Retirement Onboarding - The Ideal Lifestyle for the Retiring Contractor
Retirement Onboarding is something that construction business owners must regularly be working on for themselves and other key team members....

Evolution of Project Delivery Methods
Project delivery methods for contractors will become increasingly more integrated from project owner through all key parts of the supply chain, which is a return to models used in the early 1900s with some modernization improvements.
Changes - Impacts Beyond the Direct Costs
Contractors don't typically see the full negative impact of changes and, therefore, don’t put the right level of resources into their management.
Succession Planning at All Levels
If a construction company is growing at 15% per year, then it will double in size about every five years. Therefore, in general, every position must be training at least two people that will be capable of succeeding them within five years.