Contractors and remodelers agree that 2009 has been a challenging year for our country and the residential construction industry. In spite of the current economic environment there are numerous examples of successful remodelers and contractors.
The Contractor Coaching Partnership Blog
How many times have you or your team gone to the job and you find out you are missing something necessary to do the work?
I recently learned about a contractor who lost a suit from a homeowner who decided to stop paying for a completed project. It turns out the contractor did not receive several payments totaling over $40,000. He finished the job believing that the owner would eventually pay up. The contractor had never been sued in 15 years of business and has a good following in his community.
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.
As 2008 comes to a close are you working on your business plan for 2009? Have you assessed the results of 2008?
Here we go again. Another recognition for the boys from GoodFellas. The Eastern Mass NARI chapter has featured Joe and Dale and their company the GoodFellas, as the member spotlight company in the October newsletter.
Joe Holm from Sandler Sales Training Center and The Contractor Coaching Partnership are offering a free seminar for residential contractors. This program is specifically designed for contractors and the trades who provide contracting services to the home owner market.
I met with a prospect recently who is afflicted with chief cook and bottle washer syndrome. He is the CEO, the salesman, the bookkeeper, the office clerk, the production manager, the service manager, the marketing manager. He is working over 75 hours per week and said he is concerned that he is working at a breakneck pace. He said he would like to leave the business to his kids who work in the business. He also said he doesn't really take vacations and when he does he is working from the vacation destination.
The recent commotion in our economy is presenting many of us with challenges we haven't faced.
An article recently published by Eastern Mass NARI in the monthly newletter sent to all members about The Contractor Coaching Partnership.