The Construction Leading Edge Podcast
Business:Entrepreneurship
EPISODE 329: How can construction businesses thrive even during economic downturns?
Join us in this week’s podcast episode as Michael Moore, owner and president of Waterton Construction Group, shares his journey in navigating the challenges of growing a construction company and how systematization and strategic changes turned his company from six-figure losses to seven-figure profits.
Today, Michael breaks down the impactful systems and processes he implemented, the selling the gap concept, how to master the art of letting go, and much more.
Ready to systematize your construction business and get out of the chaos?
Tune in now to learn more.
Key Takeaways:
Introduction (00:00)
Meet Michael Moore and his works at Waterton Construction (01:54)
Adapting to the current economic indicators and market dynamics (03:35)
Most impactful business changes & systems that Michael implemented (06:24)
Transitioning to ERP accounting software, revenue maximizer, and forecasting tools (09:39)
Discussing the selling the gap concept in pre-construction (21:13)
What didn’t work out for Michael (27:28)
The results and growth following systematic changes (30:53)
Practical advice on mastering the art of letting go (32:33)
What business and life have been for Michael after the changes (39:41)
Advice to construction business owners (52:02)
What it’s like being in the CEO Alliance (1:01:12)
Episode wrap-up (1:07:08)
Additional Resources:
- Download your FREE strategic planning guide HERE
- Schedule your FREE business evaluation call with our team HERE
- Join the FREE Get Out of Your Construction Business Masterclass HERE
Keep up with Michael
- Listen to Episode 234: Hiring High-Level Talent, Growing Revenue & Keys to Selling HERE
- Listen to Episode 275: Stewardship, Creating Terminal Value & Increasing Profit 60% HERE
- Follow Michael on LinkedIn HERE
- Visit Waterton Construction for more information 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.
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The Hidden Dangers of Procrastination & How to Conquer It | E276
Stewardship, Creating Terminal Value & Increasing Profit 60% with Michael Moore | E275
Scaling to $200 Million: How Torrey Hawkins Did It | E274
Forget About Goal Setting: Focus on Habits & Systems Instead | E273
Discipline, Systems, and 75% Annual Revenue Growth with Andy Kolp | E272
Why Every Construction Business Owner Needs a Virtual Assistant | E271
How to Avoid Lawsuits Over Construction Defects & Reducing Risk with Attorney Marc Gravely | E270
First Principles, Taking Ego Out of Ideas and Solving Big Problems with Paolo Tiramani, Boxabl CEO & Founder | E269
Jett Set Farmhouse’s Noell and Daniel Jett On Adversity, Perseverance, and Success | E268
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3 Secrets to Eliminating Subcontractor Chaos | E266
Why All Business Problems are People Problems with Eric Anderton | E265
How to Set Up a Company That Earns 8 Figures WITHOUT You | E264
Time-Tracking Hacks Every Construction Company Should Know | E263
The $11 Million Sales Strategy w/ Josh Dembicki & Matt Lewis | E262
Recession Proof: 10 Tips to Make Your Business More Resilient | E261
3 Things Entrepreneurs Believe That Technicians Don't | E260
Are You Headed for a Tipping Point? | E259
Designed to Fail: Why 80% of Construction Businesses Have No Value | E258
The 8 Hour Work Week: How Monish Khadye Did It | E257
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