E22 - Buying a Family Member Out of Your Contracting Business

In this episode of Beers with Contractors, hosts Will and Drake talk about the most important metric contractors ignore: gross profit margin. They're joined by guest Brandon Powell, the proprietor of Foundation Doctor in Charlotte, North Carolina, who shares his journey from banking to foundation repair, shedding light on transitioning careers, starting a family-run enterprise, and the critical importance of customer service for business growth. The episode also digs into the creation of 'Dirt Dollars', a unique performance pay system designed to enhance employee motivation and productivity.

00:00 Introduction

00:24 Special Co-Host Introduction of Drake Scifers

01:53 Gross Profit Margins Explained for Construction Success

11:44 Brandon Powell's Journey from Banking to Foundation Repair

17:48 The Pros and Cons of Family-Run Businesses

29:17 Successfully Navigating Family Business Succession

36:08 Unveiling Dirt Dollars as a Game-Changing Performance Pay System

42:23 The Importance of Playing Offense in Customer Service

47:08 Conclusion

Contact Brandon Powell at:

Website: https://www.foundationdoctornc.com

LinkedIn: https://www.linkedin.com/in/brandon-powell-95722312/

Email: brandon@foundationdoctornc.com

The Worker Incentive Program that Contractors Love! - Per4mance Software

http://unisonworx.com/per4mance

Unison is Workforce Management Software for the Construction Industry

Learn more at https://unisonworx.com/industries/construction