In this episode Randy Stanbury explains how he looks at construction companies to simplify how to approach them, the importance of creating 90-day business plans, where most holes are found in business and what you need to focus on if you want to have a business that truly has value.
3:00 We’re in the logistics business
6:40 Where do you want to be in 5 years
7:58 Focus on the how; build the system
13:20 Most common construction business problems
21:30 Selling your construction business
27:15 How to value your business
For more from Randy:
Cian Brennan's experience on the "Dark Side" of the construction industry gives him unique insights into contracts and the devastating effects they can have on businesses. For almost two decades, he saw hundreds and hundreds of Construction Companies being bullied contractually, losing money and going out of business. That's why he founded Quantum Contract Solutions, to help contractors avoid common contract pitfalls and succeed in this challenging industry.
Cian's hard work has not gone unnoticed - he's won a 40 under 40 award, a Best of Business Award for innovation and outstanding growth, and has been a finalist for entrepreneur of the year in the CEO Magazine and business news newspaper.
If you're in business, you won't want to miss this important conversation with Cian Brennan. We discuss common contract pitfalls, why standard contracts are becoming extinct, how cost-plus contracts can be beneficial to both parties, why white collar jobs are more at risk than blue collar jobs and other key insights that could make all the difference in your business!
3:48 Common contract pitfalls and cost plus contracts
17:00 What most successful Businesses do
23:27 AI technologies influence on HR and contracts
FOR MORE FROM CIAN:
On this week's podcast, we're trying something a little different!
Rather than a live interview format, Casey is talking right to you - about the most important thing you can do for your business - Getting the right people.
He shares lessons and experiences, common pitfalls to avoid and what's working for The Conscious Builder now, so you can benefit from the mistakes TCB has made in the past and be more confident when building your team.
THE ULTIMATE HIRING HANDBOOK https://www.consciousbuilderacademy.com/hiring-handbook
MORE FROM THE CONSCIOUS BUILDER:
LinkedIn: https://www.linkedin.com/company/the-conscious-builder/?viewAsMember=true Twitter: https://twitter.com/BuildConscious
SHOP TCB APPAREL: https://www.theconsciousbuilder.com/shop
Ben Juncker is the co-founder and CEO of Craftsman’s Choice, a leading exterior remodeling contractor in Minnesota and one of the highest volume James Hardie siding installers in the United States. As a result of his success in the residential home improvement industry, Ben has been tapped many times by major home improvement brands, including James Hardie, to help up-and-coming contractors overcome their growth challenges so that they can scale into profitable 8-figure construction businesses.
In 2021, Ben wrote the book The Minnesota Homeowner’s Guide to Exterior Siding, an Amazon #1 bestseller in the home improvement category. When he’s not coaching other contractors or helping people fall in love with their homes again, you can find Ben playing an active role in his community as a minister at his church.
2:06 Getting Started in the Business
3:48 Why James Hardy Siding
6:04 Business Structure and Growth
13:18 Ben's Biggest Challenge Today in the Business
22:00 Managing Client Expectations
28:04 James Hardy new product line and a new sales process
30:00 Best advice for Contractors
FOR MORE FROM BEN:
Twitter Handle: @CraftsMNsChoice