#117 Are you a Sole Renovation Business or considering a Partnership Renovation Business or have you retired?
Back in the Caruk Hall Boardroom and we have a couple of special guests, Dan Hall from Caruk Hall, Jim’s younger partner in construction crime and Terry a recently retired plumbing expert on today’s show and we are going to talk about the three segments of business ownership and operation.
Both Dan and Jim got started in their late teens and went the union route and they partnered up 5 years ago, Terry was independent and started in the 80’s as a renovator and got out in the early 90’s, went into plumbing and recently left for good. The construction landscape in the next decade is going to dramatically change with more people tradespeople leaving than coming in, which sets up the challenge for us one man shops, and partnerships to find more tradespeople to be a part of the team. The frustrations will pile up and some will leave, some will grow, some will accept it.
We talk about the renovation triangle, we talk about how everyone is billing for on-site meetings except contractors, designers, engineers, architects, they all bill for time and this conversation bring us to understanding it takes a special type of person that wants to love construction and when that love stops, that is when you consider getting out for good or at least shift gears to another segment of construction.
The conversation gets really interesting once we discuss what average people are making s an income, what tradespeople are making, what school costs for people in and out of construction and the return on that education. Jim flat out says we need to bring back the technical trade schools and classes to attract more people into the trades and he’s so right. We need more passionate people in the construction industry.
Thanks Dan and Terry for being on the show and sharing so much about the construction industry.
Find Terry enjoying life, driving his cars, find Jim @jimcaruk and find Dan and Jim @carukhallconstruction www.carukhall.com info@carukhall.com 416 546-8602. Lastly, find Manny @hardcorerenos www.hardcorerenos.comand info@hardcorerenos.com 416 433-5737
This is The Construction Life