Hiring strategies, dealing with failure, and lessons from Toyota with Mike Kaeding - Norhart

In this episode, Mike Kaeding, CEO of Norhart, shares his experiences of growing his company, emphasizing the importance of hiring the right people and adjusting roles to employees' strengths. He discusses the implementation of standard operating procedures, strategies for reducing construction costs, and handling scaling production challenges. Additionally, he shares insights on raising capital, managing multiple businesses, and the crucial role of mindset in achieving success.

Connect with Mike Kaeding -  Mike's LinkedIn: https://www.linkedin.com/in/mikekaeding/  Website: https://www.norhart.com/ Instagram: https://www.instagram.com/norhartinc/     Connect with Justin & Will - Will's LinkedIn: https://www.linkedin.com/in/willforet/ Justin's LinkedIn: https://www.linkedin.com/in/justneagle/   Learn More & Connect With Spot Migration -  Website: https://www.spotmigration.com LinkedIn: https://www.linkedin.com/company/spot-migration Facebook: https://www.facebook.com/spotmigration Youtube: https://www.youtube.com/c/Spotmigration   Do you want to be a guest on the show? Go to https://buildingscale.net/guests Need to discuss your IT and Cybersecurity Strategy? Go to https://buildingscale.net/help

(0:00) Introduction to the Building Scale Podcast and guest Mike Kaeding, CEO of Norhart (0:52) Sponsor: Building Scale website (5:24) Challenges and breakthroughs in the early stages of running Norhart (10:55) Company growth and importance of hiring the right people (17:45) Dealing with failure and adjusting roles to fit employees' strengths (24:04) The "Keeper Test" and the importance of feedback in human resource management (28:08) Implementation of standard operating procedures and lessons from Toyota (31:48) Vision and strategies for reducing construction costs (40:30) Dealing with utility companies and scaling production challenges (47:09) Raising capital and managing multiple businesses (56:42) The role of mindset in success and advice to younger self (1:00:07) Persistence and success story of Michael Oseland