Explore the significance of “working on the business” alongside working in it. In the construction industry, ambitious business owners embark on a journey fueled by big dreams and crucial decisions. Over time, some achieve remarkable success while others falter. Join us as we hear from Scott Fraser, the GM Construction of Brefni, who shares his 25 years of experience in the field and unveils the secrets of those who have made it big.
Nailing It: Key Takeaways from the Podcast
- Perseverance and hard work are crucial in building a successful business. Accepting tough times and learning from setbacks is essential.
- Building a good business should be prioritized over wealth accumulation in the early stages. Leave a legacy of quality work and focus on providing value to clients.
- Surround yourself with good people who challenge and push you to grow. Be bold and hire individuals who are smarter than you.
- Continuous improvement is vital for business growth. Invest in back-office systems, implement comprehensive training programs, and encourage employees’ professional and personal development.
- Balancing working on the business and working in the industry can be challenging. It requires drawing oneself back, delegating responsibilities, and trusting others to handle tasks effectively.
- Investing in training and capability-building makes employees feel appreciated and brings new skills to the business, opening up opportunities and improving outcomes.
- Smooth transitions and readiness for growth are crucial.