Protect Your Pumping Business From Future Threats With a Succession Plan

Construction is a risky business where passionate entrepreneurs often find success. A lot of focus is on completing the projects at hand, while less time is spent on creating a sustainable business that will survive beyond the life of the current business owners. “Just 30% of family-owned construction companies continue beyond the second generation,” says Tony Ivener, certified public accountant, founder and managing shareholder of Ivener Management Group. “Just 20% survive through the third generation.” Working with construction companies throughout his entire career, Ivener has developed a passion and process to help company leaders successfully transition their businesses to the next generation of management or