Second, consider extending the transition time. Hire or promote a "Second Lieutenant" that can slowly take on more of what you have performed over the previous five years. As this individual gains in their confidence and effectiveness, then begin to let go!
Third, depending on your company size, you may not still help the company out from taking up residence in the office. Therefore, equip your vehicle with better technology to do more orchestrating from your truck throughout the day rather than operating out of the office.
Fourth, admit to what you are the best at, stay there doing it, and find another individual to do those things that still need to be done on behalf of the business. Not all owners are great communicators or visionaries for growing their company, yet they bring a quiet dynamic that instills confidence in their people. Great! Find someone else to perform the duties that need to be done.
This fourth point should be considered by more owners. I've worked with contractors who really are not the "president type." What did we do? We found a great complement to the owner and installed them as the company president. Granted, it doesn't happen overnight and the entire process has to be thoroughly thought through, but it can happen!
Leaving the field to move into the office is the right decision for many contractors, but not for all. Before you make the move, be sure that you are clear as to what you will bring to the new arrangement. Be sensitive to the current office culture of your staff and that they have time to get used to having the "big kahuna" in the office more often. And don't forget the big picture for your company: growth, profitability, quality, integrity, customer service. Be sure you are bringing value to all of these important components of your business.
Brad Humphrey is president of Pinnacle Development Group, a consulting firm that specializes in assisting construction businesses. He is also a frequent speaker at World of Concrete and other industry events. For more information, e-mail Brad at Humphrey.Brad@gmail.com.