Andrew Barninger | Source | Financial Advisor at Personal Wealth Advisory

For most construction business owners, the sale of the company is the largest and most impactful transaction of their lives. The proceeds will likely be the main funding source for the next phase of their lives and provide financial freedom for them and their families. While every business owner has different goals and objectives when it comes to transitioning out of their companies, there are plenty of common challenges along the way. Retiring owners can put themselves, their families and their businesses in a better position to succeed by avoiding a few common mistakes.