A recession happens on a micro or macro basis. Everyone should prepare because a recession will strike when it strikes. In this episode, we will help you to be ready for it. Todd Dawalt, Founder of Construction Leading Edge, talks with Eric Anderton to discuss how you can recession-proof your business. Companies will be able to get through this recession by taking some practical steps. Make sure that you're ready for the recession! Tune in to this insightful episode and gain tremendous value from Todd.
Link to Eric's Book, Construction Genius: Effective, Hands-On, Practical, Simple, No-BS Leadership, Strategy, Sales, and Marketing Advice for Construction Companies: https://www.amazon.com/Construction-Genius-Effective-Hands-Leadership/dp/B0BHTRDY1T/
More episodes from "Construction Genius"
Building A Financially Strong Construction Business With Timothy Wingate Jr.
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35:04Building a financially strong construction business requires mastering job costing, strategic credit solutions, and effective communication between the field and the back office. But achieving this goal requires careful attention to every aspect of your financial management. In this episode, Timothy Wingate Jr., Founder and President of G+F Business and Financial Consulting, explores the world of construction accounting. Timothy shares his firsthand knowledge of the industry, discussing everything from managing your cash flow to strategic credit solutions. He explores crucial topics like calculating margins, securing loans/credit, and improving communication between the field and the office. As Timothy emphasizes, if you build it, you deserve to get paid for it. Tune in now and learn how to build a financially strong construction business.
Avoiding Huge Tech Mistakes With Fewer Risks With Scott Ellison
37:18As innovative approaches continue to find their way into the construction industry, extra care must be taken in integrating the latest technology into your projects. By doing a quick test for every pitch that you get, you can avoid tech mistakes and ensure the smooth flow of work. Eric Anderton chats with Scott Ellison who talks about the right way to embrace brand-new technologies without only considering speed but also quality and costs. Scott talks about the importance of empathy and collective wisdom in furthering the construction industry. He also shares about the fruits of going on a sabbatical, detailing his experiences of trying saltwater fly fishing. Construction Genius Book: www.ConstructionGeniusBook.com Have a leader who needs a coach? Contact Eric: www.constructiongenius.com/contact
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Beyond Business Books: The Unspoken Realities Of CEO Life With Michael Girdley
46:33Many are drawn to the CEO life, assuming it is a paradise. Although this position is indeed fulfilling career-wise, it comes with a long list of challenges. Eric Anderton chats once again with Michael Girdley, this time about the loneliness faced by every CEO. He discusses why they are usually the last to know about everything that happens within the team. Michael explains why CEOs should never call their companies a ‘family’ and the importance of getting support from an outside network. He also shares some techniques for conducting interviews and performance reviews. $500,000-$5m in revenue? Here’s the ONE peer group you should join: www.joinscalepath.com How to do CEO Performance Reviews: https://twitter.com/girdley/status/1626570917001437187 Buy the ONE book every construction company leader must read: www.constructiongeniusbook.com
Seamless Leadership Transitions: A Six-Step Roadmap
15:36Change is constant in this world. In business, a change in leadership can greatly affect the business. How will you handle it if there’s a need to make some changes? In this episode, Eric Anderton, the author of Construction Genius, dives into a comprehensive six-step roadmap for a seamless leadership transition. He also identifies the keys to effectively navigating leadership transitions. Eric highlights that in executing successful transitions, you must elevate people and establish them well in that new role. If you want your construction business to thrive during these changing times, tune in to this episode today! Interested in learning more about executive coaching with Eric? Book a time to chat with him here: https://10minuteswitheric.youcanbook.me Purchase Eric's book Construction Genius: Effective, Hands-On, Practical, Simple, No-BS Leadership, Strategy, Sales, and Marketing Advice for Construction Companies here: https://www.amazon.com/Construction-Genius-Effective-Hands-Leadership/dp/B0BKCQW11M
The Accountability Bottom Line: More Production, More Profit! With Adam Stark
33:28Lack of transparency, limited collaboration, and ineffective accountability can lead to miscommunication, inefficiencies, and hindered progress in construction projects. In this episode, Adam Stark, Co-Founder of Jet.Build, shares insights on tackling these challenges and transforming the construction industry. Drawing from his background in the Israeli Defense Forces (IDF) Special Forces and his construction experience, Adam covers the influence of military experience in construction, overcoming limitations of the military mindset, and developing effective project managers. Dive into this episode to discover valuable lessons and strategies for enhancing construction project management.
How To Immediately Improve Hiring: Practical Strategies To Get The Right People In The Right Seats With Matt DiBara
35:45Finding the right people to join your team can be daunting, but it doesn't have to be. In this episode, Matt DiBara of The Contractor Consultants explores practical strategies to make your hiring process much easier and smoother to execute. He joins Eric Anderton to explain how to foster the right workplace culture to attract the appropriate candidates to your team. He offers tips on making the hiring process, especially in the construction industry, as efficient and streamlined as possible. Tune in and learn the best approach in revamping your recruitment, from automating certain tasks, establishing a clear timeline, to creating transparent communication channels.
Succession Success: A Step-By-Step Guide To Crafting And Executing A Winning Plan With Rick Chowdry
39:48Do you have a succession plan in place? How do you ensure that the right person is in the correct position? In this episode, Eric Anderton paves the way for Rick Chowdry, the President of Intech Mechanical, to share his step-by-step guide to crafting and executing a winning succession plan. Rick’s priority is ethics, and the key to his success in business. He suggests that when looking for a potential leader, we should look at the intangibles, like character. Rick also looks at those individuals who value people and differentiates those who truly value people from those who are transactional to people. For a more in-depth discussion, tune in to this episode now! Purchase Rick's book: I Sh*t My Pants Again and So Did You. Purchase Eric's book: Construction Genius: Effective, Hands-On, Practical, Simple, No-BS Leadership, Strategy, Sales, and Marketing Advice for Construction Companies. Eric helped Rick's company, Intech Mechanical, with its succession planning. Click this link and read from Rick about his experience working with Eric. Are you a Construction company owner that's looking for outside help to build and/or refine your succession plan? Let's talk about how I can help. Contact me at my website. https://www.intech-mech.com/ https://www.linkedin.com/in/rick-chowdry-9116627/
Leading Through Crisis: Know Your Numbers, Nail Your Communication, And Manage Your Stress With Mark Brooks
43:16Your reaction to crisis determines the path your business is heading. Today, Eric Anderton shares with us some tips to help us navigate crisis. The biggest mistakes most CEOs make are panicking and hero’s syndrome. In this episode, Mark Brooks, the President of Permanent Equity, gives us a bird's eye view of the different ups and downs that companies go through in their existence. Mark also discusses how CEOs should be leading through crisis. When you get a cross-functional team and lay all the cards on the table with that team helps a lot in becoming more rational during a crisis. To know more about leading through crisis, tune in to this episode now.
How To Ace An Acquisition With Jim Kaloutas
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