4.9 • 1.1K Ratings
🗓️ 25 July 2024
⏱️ 38 minutes
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Tyler discusses the "starving artist" mentality that plagues many small business owners in the construction industry, leading to unsustainable business models and poor work-life balance. He emphasizes the importance of properly valuing one's time and charging fair rates to create a sustainable business and improve the overall industry.
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0:00.0 | For years I worked myself sun up till sundown. I always prided myself on my ability to grind it out. |
0:06.3 | That was the badge of honor. It was the blue collar. I lived it. You know, I could outwork anybody. |
0:10.9 | And this was all basically just an excuse for being behind the 8-ball, whether it's behind financially, behind on the job schedule-wise, I hadn't priced a job correctly. |
0:21.0 | It was just foolish of me because had I understood my numbers, had I |
0:26.0 | understood my business, had I been marketing to the correct customer, I would have had enough |
0:30.5 | wherewithal to realize, hey, this doesn't't make sense this doesn't line up you cannot |
0:35.6 | continue down this path your business is not a sustainable model your business is not |
0:41.6 | making money at the end of day this is something that you cannot do. |
0:50.0 | What's up everyone? Having a good week. I am back with another episode of |
0:57.4 | Midweek Modern Crafts. Hopefully you guys and girls have been enjoying these. |
1:01.0 | I've been digging getting back into them. What I've |
1:06.2 | recently been doing and I'll get I'll get into some some other more light-hearted conversations as well, but I've had a fair amount of consulting |
1:17.1 | calls prior to these midweek recordings where it's like, damn, I need to talk about this damn I need to talk about this I need to talk about this this is a common theme |
1:27.0 | So I've been using a lot of those calls as |
1:31.1 | Inspiration for the midweek topics. |
1:35.0 | So I know a lot of you listen for the business end of things, right? |
1:42.0 | The perspective that I give as a smaller company |
1:46.8 | or of an owner operator and how I structure my lifestyle, my business around that, the marketed behind it, the pricing behind it, |
1:57.6 | everything with regard to this small owner-operator type setup, which most of us in our industry are or most of our |
2:08.3 | industry is made up of small owner-operators you, one to five man shows, and that's just typical within |
2:17.1 | our industry for many different reasons, but a lot of us in that area and in that world struggle to be able to provide a sustainable |
2:31.0 | business model for ourselves, for our family, for our employees, and it's for many different reasons, |
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