The Construction Leading Edge Podcast

EPISODE 281: Learning to say no to the people or things that don't serve you or your business gives you room to say yes to those that do.

And we've invited someone who just skyrocketed his construction business by saying no and focusing on the people.

In this week's episode, I sit down with Mikhail Gannage, president of Gannage Design  & Construction. Mikhail went from being a long-time robotics engineer to running their family-owned construction business.

According to Mikhail, by being selective in what projects he and his team take on, they have seen tremendous business growth - something they haven’t seen in years.

So he's here to share the main root cause of his company’s profit bleeding and the systems and changes he implemented that grew his construction business from 2% to a whopping 15% net profit.

He also talks about the connection between an accountability chart and a good handoff to profitability, the benefits of being in a mastermind group of construction business owners, and why working less makes him a better leader.

Tune in now to learn more!

 

Key Takeaways:

From robotics engineering to construction business owner (01:06)

Best advice for those taking over a family business (04:42)

Business problems Mikhail was dealing with (09:59)

The main root cause of profit bleeding and its ripple effects (13:08)

Most impactful systems and changes that grew his business (23:32)

Dealing with one big hairy audacious goal (29:49)

On accountability chart, good handoff and profitability (35:36)

A peek into his construction business’s numbers (42:07)

Benefits of being in a mastermind group (49:15)

Why do construction business owners isolate themselves? (53:35)

Why working less means doing more? (56:32)

The biggest question to ask when starting a business (58:36)

One final piece of advice (1:01:39)

 

Additional Resources:

- Schedule a Breakthrough Session with our team HERE

- Register for The ADVANCE Live Meetup | March 30-31, 2023 | Austin, TX HERE

- Visit Construction Leading Edge for more HERE

 

Connect with Mikhail Gannage:

- Follow Gannage Design & Construction on Instagram HERE

- Reach out to Mikhail at mikhail@gannageconstruction.com

- Visit Gannage Design & Construction  website for more info HERE

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The Construction Leading Edge Podcast helps construction business owners maximize their revenue, eliminate chaos, systematize their work, and win back their time.

Follow us on your favorite podcasting platform so you never miss an episode!

 

Direct download: CLE281_-_Podcast.mp3
Category:general -- posted at: 5:00am EST

EPISODE 280: Success isn't determined by your age, gender, location, or any of those similar factors; it is the formation of habits that will.

In this week's episode, I've invited Leyah Valgardson, Director of Customer Success here at Construction Leading Edge, to unpack the three core habits of success that successful construction business owners do.

Leyah and I also talk about what really is success and happiness, how to build those habits of success as a construction business owner, creating accountability with like-minded people, and more.

Let’s dive in!

 

Key Takeaways:

Introduction (00:00)

What is a habit? (01:28)

Success and happiness defined (04:10)

Follow an effective morning routine (14:50)

The power of gratitude (27:14)

What is mindset, and how important is it? (29:29)

Managing your inner critic (39:30)

Prepare, plan, and execute (51:18)

On execution being so hard (56:51)

Strategies to create accountability (1:00:06)

Episode wrap-up (1:05:58)

 

Additional Resources:

- Listen to "The Hidden Dangers of Procrastination & How to Conquer It" episode HERE

- Listen to the "5 Things Successful Entrepreneurs Manage That Nobody Warned You About" episode HERE

- Schedule a Breakthrough Session with our team HERE

- Register for The ADVANCE Live Meetup | March 30-31, 2023 | Austin, TX HERE

- Visit Construction Leading Edge for more HERE

 

Books Mentioned:

- The 5 AM Club by Robin S. Sharma

- The Power of Habit by Charles Duhigg

- The Obstacle Is the Way by Ryan Holiday

- The 10x Rule by Grant Cardone

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The Construction Leading Edge Podcast helps construction business owners maximize their revenue, eliminate chaos, systematize their work, and win back their time.

Follow us on your favorite podcasting platform so you never miss an episode!

Direct download: CLE280_-_Podcast.mp3
Category:general -- posted at: 6:00am EST

EPISODE 279:  Why would venture capital firms put their money in the construction industry, especially nowadays?

In this week's episode, I've invited David Bloom of Signia Venture Partners to talk about a venture capitalist view of the construction industry as a whole.

Signia is a venture capital firm founded in 2012. David and his partners invest in entrepreneurs applying new technologies to old industries.

Today, he's here to discuss why venture capital firms invest in the construction industry, their views on the housing shortage and the ripple effects, what type of companies they invest in, guidelines when investing in companies, and more.

Tune in now to learn more!

 

Key Takeaways:

Introduction (00:00)

Venture capitalist’s perspective on the construction industry (01:30)

What is a venture capital firm? (03:44)

Why invest in the construction industry? (05:52)

Symptoms of the current housing crisis and the ripple effects (08:03)

How venture capital firms view the housing shortage (15:10)

David and his firm's portfolio of companies and what they're solving (18:05)

What are the red flags to look for in a leader when investing? (22:34)

On transitioning successfully from being a startup to CEO of an ongoing business (25:18)

Key takeaways from Cetera's $2B venture funding failure (32:17)

What are the things that outsiders don't know about the construction industry? (43:56)

 

Additional Resources:

- Schedule a Breakthrough Session with our team HERE

- Register for The ADVANCE Live Meetup | March 30-31, 2023 | Austin, TX HERE

- Join the Move the Needle 28-Day Challenge HERE

 

Connect with David Bloom:

- Reach out to David by emailing him at David@signiavc.com

- Check out his articles on Substack HERE

- Follow him on LinkedIn HERE

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The Construction Leading Edge Podcast helps construction business owners maximize their revenue, eliminate chaos, systematize their work, and win back their time.

Follow us on your favorite podcasting platform so you never miss an episode!

Direct download: CLE279_Podcast.mp3
Category:general -- posted at: 5:00am EST