Industry Insights
results in these situations is what people want to see, but the actions that produce those results must be aligned with values/vision of the firm and advance it in the right direction. Preparing for ownership transition: Preparation for ownership transition starts now, or you will be trying to drink from ten fire hoses later on (re: amount of time and stress). Begin asking questions now, even if you are in an entry level position, if you think the path to principalship is for you. Asking questions will help an aspiring owner understand their own wants and needs as well as the thoughts of current leadership. Ask yourself questions too. Questions like: how much ownership would I want? Five percent? More? Do you plan on buying more ownership percentage over the years? Don’t let the years pass by. If you know you want it, go for it.
Final Thoughts Across the AEC industry, there are individuals who are excelling to various degrees in their current management positions and will get promoted to ownership positions eventually. Despite this promotion, time will reveal that many of these talented leaders in management are not capable, ready, or willing to do the things necessary to excel in leading at the ownership level. For this reason, being honest with yourself is ultimately necessary in determining whether or not you are a good fit to be an owner. Know where your abilities lies, be keen in your observations of how things are done, and don’t be afraid to forge a path forward into whatever the future holds. Now, who’s ready to be an owner?
olsson.com
Most see a sporting complex. We see a dream at work.
6 Fall 2024
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