When confronted with challenges sometimes it is easier to give up than to stay focused on what we want. Some say this year has been the Perfect Storm for the American people. Yesterday's post talked about keeping and maintaining a great attitude by working on yourself and minimizing exposure to things like negative news and the media. Now let's talk about staying the course in spite of challenges facing the residential construction industry.

Over the past week many in the northeast have been walloped by the Ice Storm of 2008 leaving many without power and the basic necessities. On top of the recent economic downturn, foreclosures, declining real estate construction activity and financial troubles it is not suprising that people's attitudes are affected. We are easily reminded of all the recent and current challenges on the news, in the paper, the radio, the internet, work and the coffee shop. It is very easy to get caught up in the misery and before you know it you are not feeling very positive and your attitude towards things turns negative.

Last Thursday evening I went out for dinner with my wife and came home around 10:00PM with a lite rain falling. Just after 12:00 midnight we lost power. Little did we know that a few hours later our yard would look like a tornado had ripped the trees in the yard to shreds. For three hours we heard huge thuds from snapped branches and tree tops that battered our property and the side of the house.

Today's residential homeowner construction market has tightened and leads for contracting services are scarce. Leads are more precious than ever. Many remodeling companies were founded by carpenters and tradesman with little or no formal training in sales. You are very good at building things, you are an expert at crafting and your miter joints are perfect. You started out working for someone else only to find you were treated poorly, paid less than what you are worth with no benefits and blamed for the mistakes of the owner. You said the heck with this crap and you started your own remodeling business. After all you can do better and you won't treat your people that way.

I am fortunate and blessed to have the support of many contractor clients in my first year as a contractor coach. I recently received a letter from a client describing his satisfaction with our coaching services and relationship. It describes what The Contractor Coaching Partnership means to him. 

The economy has presented many financial challenges for both the residential contractor and the homeowner. The economic crisis has deepened and it is increasingly more difficult for homeowners to afford to improve their homes like years past. Many homeowners who can afford to remodel are standing on the sidelines waiting for the market to stabilize. Those who are remodeling and investing in their homes are moving forward very cautiously. Todays consumer is interested in sensible remodeling that has a strong ROI and a contractor that they can trust with their most valuable investment.

Thanksgiving is the time of year when we historically reflect on what we a grateful for in our lives. This is a time to express humility, gratitude and thanks for the blessings we enjoy in our lives and business. It seems natural to give thanks in the fall after the crops have been harvested. It is the time when we take stock of of our blessings and store up for the coming winter. Our year of hard work comes to a close and at Thanksgiving we reflect on our results. We are hopefully prepared for the long cold winter having harvested enough from our years efforts. If we planted our seeds and prudently nurtured them, we should have enough stock to make it through the winter until spring. For this bounty we express gratitude and thankfulness. 

Many small business owners become trapped thinking that they have to do everything themselves. At times they think that because no one can do it as well as them that it is more effective to do it themselves. If you are a small business owner and don't want to grow this may work ok. However, if you want to grow, the odds are stacked against you if you are a CEO owner wearing most of the hats. We are seeing many contractors who say they want to grow, stubbornly resisting giving up control of tasks that can and should be done by someone other than the CEO. Contractors are not the only profession exhibiting this behavior. It is prevalent in many different types of businesses. In contracting, it is not uncommon to see the CEO running the company, handling the sales, running production, driving nails, making collection calls, and anything else they think that only they can do. This feeling of invincibility that they can do it all is not without grave dangers to the health of the business and the owner. It contributes to poor health, burnout, marital issues, questionable judgment, employee issues, money problems and sometimes heart attacks.

Recently someone said to me I was crazy to spend so much time networking. So it got me thinking was he right? Well some may think I'm crazy (and he may be right) so I reviewed my results from the past two years and here is what I found.

Early this year I met with a contractor who was complaining about his lack of success in his business. He attended a seminar I held with another coach and this contractor said he wanted to take his business to the next level. We met separately after the seminar to review his compelling reasons for moving forward and he agreed it was time to work on his business. He said he was sick and tired of losing out to other companies and being used as an unpaid consultant. He is the typical contractor wearing all the hats with little time for himself or his family.