167. Succession Planning With Russ Stephens and Sky Kolade

Professional Builders Secrets brings you an exclusive episode featuring Sky Kolade and Russ Stephens, Co-founders of APB. In this episode, the two delve into the critical topic of succession planning for building companies. They explore why succession planning is vital, how to start preparing, and actionable steps to ensure a seamless transition for your business. This episode is sponsored by Apparatus Contractor Services, click the link below to learn more:hubs.ly/Q02mNSsG0 INSIDE EPISODE 167 YOU WILL DISCOVER The importance of succession planning for long-term success How to create a succession plan tailored to your business needs Key strategies for preparing successors, whether internal or external Common mistakes to avoid during the succession process And much, much more. ABOUT RUSS STEPHENS Co-founder of the Association of Professional Builders, Russ is a data analysis expert who has introduced data-driven decision making to the residential construction industry. Russ is also a proud member of the Forbes Business Development Council. Connect with Russ: linkedin.com/in/russstephens ABOUT SKY KOLADE Sky Kolade is a Co-founder of the Association of Professional Builders, a business coaching company dedicated to improving the residential construction industry for both builders and consumers. Sky is a proud member of The National Association of Women in Construction and she was also recognised as one of the Top 100 Women in Construction. Connect with Sky: linkedin.com/in/skycheristephens/ TIMELINE 1:30 Why builders need a succession plan 5:20 The role of company culture in succession planning 6:26 Shocking stats about builders without succession plans 14:19 Key factors that make a building company ready for succession 27:38 How to prepare a successor and ensure a smooth transition 40:49 Common mistakes builders make with succession planning LINKS, RESOURCES & MORE APB Website: associationofprofessionalbuilders.com APB Rewards: associationofprofessionalbuilders.com/rewards/ APB on Instagram: instagram.com/apbbuilders/ APB on Facebook: facebook.com/associationofprofessionalbuilders APB on YouTube: youtube.com/c/associationofprofessionalbuilders