E03 - Preservan: The Evolution of the Construction Industry with Franchising

In this episode of Beers with Contractors, the hosts explore various strategies for growing and enhancing a construction business. With a guest appearance from Ty McBride, the founder and CEO of Preservan Wood Rot Repair, they dive into the concept of franchising in the construction industry.

They discuss the prerequisites for franchising and highlight how standard operating procedures, a well-structured P&L statement and a unique service can make a venture successful. McBride shares the beginnings of his business and the experience of almost losing it due to undertaking projects that were either too small or too large. He stresses the importance of staying in your professional lane to ensure success and sustainability.

00:00 Introduction and Casual Banter

01:05 Debate on Performance Reviews

01:21 The Importance of Regular Check-ins

02:17 The Problem with Traditional Performance Reviews

05:18 The Role of Performance Reviews in Employee Retention

05:57 The Power of Gallup's 12 Questions

11:44 The Journey of Creating a Franchise

17:48 The Importance of Alignment in Franchising

22:38 The Challenge of Attracting People to the Industry

24:34 The Importance of Training and Simplicity in Franchising

25:20 Maintaining Communication and Connectivity with Franchisees

26:16 The Challenges and Misconceptions of Franchising

26:47 The Importance of Transparency and Support in Franchising

28:17 Qualifying Questions for Potential Franchisors

29:23 The Importance of Unique Business Concepts in Franchising

30:44 The Challenges of Implementing New Ideas in Franchising

31:10 The Process of Testing and Implementing New Processes in Franchising

32:47 The Challenges of Rapid Business Expansion

33:34 The Qualifiers for Potential Franchisees

34:33 The Investment Level Required for Franchising

41:29 The Challenges and Lessons from Expanding Business Scope

43:45 The Importance of Staying in Your Lane in Business

45:28 How to Get in Touch with Preservan

46:33 Closing Remarks and Responsible Drinking Reminder