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Growth Strategy: Small Scale, Mentorship, and Avoiding Stress

7:47
14:46
10.5K views

At 7:47 in

His MISTAKES running a Construction Company. pt2

What happens here

Gabe shares his personal journey in contracting, mentioning that he reached 'year 10' in Hawaii, placing him in an 'elite group' according to a book that states only 4% of contractors make it to year 10. He attributes his success to learning from mentors and emphasizing the gradual, organic growth of a business. He advises against immediately hiring many people; instead, learning to work by yourself, then hiring one person, and growing slowly. The host reinforces this by stating that 'bigger is not necessarily better,' as increased size can lead to more stress and administrative burden, reducing time spent on enjoyable construction tasks.

Goal: Advise on sustainable business growth, mentorship, and minimizing stress in contracting

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personality of the customer is one of those things that I hope these guys also take into consider I didn't even think about it because I don't work any longer on those big massive drives because of that reason I've gotten in bed with a customer and been miserable for months and had the phone ringing at 5:00 in the morning and the phone ringing at 10:00 at night because that's when it's convenient for them right well yeah that sucks for me but you've got it and then you've got to deal with that person and let me guess the job was just going just fine well for us it was so so all great stuff one last question for you any words of advice for these guys when they're looking at what do they want to do how do they want to do it what path would you give them okay everybody well you know one of the one of my favorite books is prophet prophet and Mark prophet and mark up from Michael stone okay and in his book he talks about 96% of contractors don't make it to year 10 only four percent do so I just made it to year 10 in Hawaii and I am in an elite group and so all the all the knowledge and stuff that I have didn't just happen overnight like it took 10 years he's one of them did he say that book how many contractors make it to year 30 no but it's probably like is that what you're in yeah okay so you're in an elite group of your own so so that's why you have all your YouTube channels and all your your books and everything because I mean not a lot of people can do that man especially at your age you're so still you have so young but my advice would be you know you got it you got it just you got to go out there and fail you know you got to go out there and try things and fail and what works for me might not work for for someone else and that's okay you know so find your own estimating process in your vetting process but at the same time you know like have a mentor learn from these guys who have been around the block you know so for a core group of momentos I saw absolutely yeah because when I started out I didn't have any of that it was probably available somewhere but I just didn't search that out so and the other advice would be just go slow you know start if you if you're working for somebody and you want to go and work on your own just start working on your own by yourself you know you don't need to hire a bunch of guys like learn how to work by yourself and then hire the first guy and so on and so forth but okay you know my base is bigger is not necessarily better…

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