Perhaps the most powerful illustration of succession's importance inside the family firm is the staggering number of family businesses that plan to hand over control to the next generation in the short_term. For instance, in the US alone, 40% of family business CEO's are planning to transfer power to the next generation within the next 5 years. When viewed in combination with the factors surrounding succession, this statistic truly represents the importance of the succession process not only within the firm, but also on a macroeconomic level_family_owned businesses have served as the backbone of society since the times of the ancient Greeks.
Working in a construction site is hard labor and workers are always exposed to dangers while on the job. Accidents result to downtime in your business and loss of lives. Workers in this field are usually those who lack formal education. Despite the danger, they are left with no option but to take on this back breaking work rather than being unemployed. A Construction Safety Plan is one of the requirements before any work will be awarded to a contracting company. Some companies disregard the importance of this requirement while others rarely implement it. Still others claim they lack the capability and expertise to design a safety plan for their business need. For them, it is something complicated and an extremely tedious piece of paperwork. But are you willing to compromise the lives of your employees? Running a business is not just about the bottom line. Remember these are the same people who are responsible of completing your contracted work on schedule. They are your team whom you need to protect from accidents while under your employment. It is your responsibility to secure their safety, keep them informed on how to avoid accidents and make them understand the importance of a safety plan in construction work.