The Construction Leading Edge Podcast

Who is the forgotten group that needs to be convinced skilled trades are a good career? How do you find good people? David Broomhead created Tradehounds to help solve the skilled labor issue. What you'll get from this construction podcast episode: - The forgotten group of people that need to be included if we're going to get young people into the trades. - What you can do to help solve our perception problem that's behind the skilled labor shortage. - How is COVID going to affect the labor pool going forward. What's changed? - What the "gig economy" and how it can help solve the labor gap. - Tradehounds is the LinkedIn for construction workers. - Two things you should publicize if you want to hire good people. Resources mentioned in this construction podcast episode: Tradehounds - www.tradehounds.com Get Paid for Estimates [Free Training] - www.buildermasterclass.com

6 mindsets that are connected to profit bleeds, and how free estimates are costing you more than just your time. What you'll get from this construction podcast episode: How the "as little and as late as possible" mindset is behind a surprising number of profit bleeds, and what you can do about it. "Your thoughts tend to clothe themselves in reality." Does the scarcity mindset lead to scarcity of money, or vice versa? How the poverty mindset can screw you over when you have a surplus of resources. "Are they resources or rewards?" What are some of "The Gaps" you need to solve to eliminate profit bleeds. Why giving away free estimates is killing your bottom line, even when you get the job. The paradox of the inner critic Resources mentioned in this construction podcast episode: The CoConstruct Masterclass on Bottom Line Profitability - https://buildermasterclass.com The best software for builders and remodelers - www.constructionleadingedge.com/coconstruct Right to Left Thinking - Episode 65 of my podcast 10 Things Worth $1,000 per Hour - Episode 139 8 Profit Bleeds That Cause Busy Contractors to Lose Money - Episode 156

We don't have a skilled labor shortage. We have a productivity crisis. Some of the root causes could surprise you. What you'll get out of this construction podcast episode: Why productivity problems aren't really problems. How to uncover the root cause of any issue you're dealing with. Advice from Dr. Wu. What "mental malware" is, how how it could be affecting you. The surprising effect your mindset has on their productivity. Resources mentioned in this construction podcast episode: 32 Productivity Hacks - [Free PDF Guide] https://buildermasterclass.com Masterclass on Boosting Bottom Line Profits - https://buildermasterclass.com CoConstruct Software for Builders & Remodelers - www.constructionleadingedge.com/coconstruct

Use this 3 pronged approach to reduce the profit bleeds, chaos and loss of will to live from the punchlist phase. What you'll get from this construction podcast episode: How to set up your agreements so your punchlist process causes fewer profit bleeds. Systems you can put in place during construction to reduce rework, unsolicited charity, and opportunity cost. How to anchor your customers to the right expectations. A step by step process you can use for your punchlist phase that puts it all together. Resources mentioned in this construction podcast episode: Productivity Hacks & Optimize Your Overhead [Free PDF Guide] - www.buildermasterclass.com CoConstruct Software for Builders and Remodelers - www.constructionleadingedge.com/coconstruct Tsheets Time Tracking Software - www.constructionleadingedge.com/tsheets CompanyCam Photo App for documenting your QC process and punchlist - www.companycam.com

Boost your sales by learning some insider secrets only bankers usually know about. What you'll get from this construction podcast episode: - Insider secret about financing that contractors need to know about. - Two things lenders care about. There are only two. - Why Giri Addanki says "Zero percent interest cards are just kicking the can down the road." - How can contractors use financing to increase sales...even commercial contractors? - The three different financing models that are out there, and a relatively new model that's "bringing the marketplace to the kitchen table." - Misconceptions about offering financing. - How the flow of money works when you offer financing. - Mistakes they make when getting set up with a lender? - What are the biggest problems contractors can solve by offering financing? Resources mentioned in this construction podcast episode: Acorn Finance - www.acornfinance.com CoConstruct Software: Run your entire business on it - www.constructionleadingedge.com/coconstruct

There's gold in the dysfunction at your jobsites. Here are 9 proven hacks you can use to boost productivity at your jobsites. Here's what you're going to get out of this construction podcast epsisode: - Nine proven hacks you can use to boost productivity on your jobsites. - Why you should Stay Out of Stores. Period. - What can you do about personal phone usage on the jobsite? - Two questions to cover every morning in a 5 minute huddle. - What does it mean to "batch communication?" - What does a deep work session look like for you? - How you can use "visual scopes of work" to reduce mistakes and rework. - The phrase you probably use that needs to be deleted from your vocabulary. - What is the handoff, and why should you focus on it to boost productivity? Resources mentioned in this construction podcast episode: Download the Productivity Hacks Guide with all 32 hacks - https://buildermasterclass.com/tips CoConstruct Masterclass: Maximize Bottom Line Profits - https://buildermasterclass.com CoConstruct Software for Running Your Entire Business - www.constructionleadingedge.com/coconstruct

What are some of the challenges of an $800M renovation project? What about "herd knowledge" and "training fatigue" when it comes to new software? What you'll get out of this construction podcast episode: - Insider perspective from two the Bear Construction team working on the $800 million renovation of the Old Chicago Post Office. - Some of the surprising challenges Nick, Tony and their team faced during this massive project. - What are some of the most interesting tech solutions out there right now for contractors? - Some big mistakes to avoid when rolling out a new piece of software to manage projects, like they did with Fieldwire. - What are some tips for getting your team to embrace a new system? - How to go about selling upper management or ownership on the idea of changing a process or investing in software. - Some of the biggest challenges for contractors that the Fieldwire team is tackling. Resources mentioned in this construction podcast episode: Bear Construction Company - www.bearcc.com Fieldwire Field Management Software for Contractors - www.fieldwire.com

What you'll learn in this construction podcast episode: What are private capital groups and how do you find them? The difference between debt lenders, private equity and private capital groups The basics of how a real estate deal (multi-family or land development) gets financed. One of the not-so-well-known tax credits available to homebuilders Common misconceptions about financing real estate deals. The mindset of loan committees who decide on financing deals "The balance sheet and property doesn't need to be perfect, but your character needs to be good." The script you want to have ready that will help you get your deal across the finish line. When is the right time to start meeting with financing groups? (It's sooner than you think.) The question you should ask every lender or investor who turns you down. Investors have a 90/10 rule to ensure you have skin in the game. How to get started if you want to start developing your own projects. How to get a "free look" at a property with no risk so you can do due diligence. What does "going hard" on a property mean? Michael's advice on how much of your own money you should put in a deal. When's the right time to go back to your lenders or investors when things don't go well? One big mistake builders and developers make when dealing with lenders and investors. How to contact Michael Berke Tempo Capital Group www.tempocapitalgroup.com

Learn from the mistakes Mike McCallum made the first time he started his drywall business, and the adjustments he made the second time around. What you'll get out of this construction podcast episode: - The quickest way to go out of business is to do work based on someone else's numbers. - Everybody has a boss - The mistakes he made the first time around as a drywall construction business owner. - The danger of not charging enough for your work. - Why the term cash flow may be a misnomer. - The importance of protecting your credit - How to determine if a potential employee is reliable. Resources mentioned in this construction podcast episode: Eliminate Profit Bleeds - Schedule a free strategy session with Todd Dawalt to identify your biggest profit bleeds and map out a plan to eliminate them - www.constructionleadingedge.com/call FieldChat - Get your free trial at www.fieldchat.com/edge CompanyCam is now totally free for small teams. Signup is quick and easy and there's no card required. Discover which plan fits your needs and get your company started at www.companycam.com/cle Tsheets Time Tracking App - www.constructionleadingedge.com/tsheets Monday project management app - www.constructionleadingedge.com/monday How you can connect with Mike McCallum: www.drywall918.com https://www.facebook.com/mccallumandsons/

Leadership and business lessons from a retired Army General now running a construction business. Don't miss this one. What you'll get out of this construction podcast episode: - What disappointed Larry Harrington the most when he transitioned from the military into the construction industry. - Larry's "4 E's" - Leadership lessons from leading troops in the war on terror. - This is essentially a leadership masterclass from a man with 40 years experience leading large teams and initiatives in a variety of environments. You might want to listen to this one a few times. Resources mentioned in this construction podcast episode: Eliminate Profit Bleeds - Schedule a free strategy session with Todd Dawalt to identify your biggest profit bleeds and map out a plan to eliminate them - www.constructionleadingedge.com/call FieldChat - Get your free trial at www.fieldchat.com/edge CompanyCam is now totally free for small teams. Signup is quick and easy and there's no card required. Discover which plan fits your needs and get your company started at www.companycam.com/cle