Look at everyone’s reaction here.
<5% tried to make it to an exit.
<1% addressed the threat.
Everyone else was frozen in place or hit the deck instantly.
Masonry & concrete contractor here.
Mid-7 fig gross revenue
Approx 23 employees, ~15 installers.
We shoot for minimum 40% gross profit on our estimates.
If we hit end of year net profit above 12-18% we would be stoked.
Can anyone who is in a specific trade biz chime in on the profit margins for your trade? I’m guessing if starting own biz after a few yrs, margins for most trades are 30%+. Larger the size, less margin. If chiming in, state trade, number of employees (you only or you +X number)
Earn loyalty from those around you.
Give loyalty to those who show you they deserve it.
Recognize disloyalty & remove snakes from your life.
Always be an asset ✅ Don’t be a liability.
On Loyalty:
Loyalty is a double-edged sword 🗡 I have many stories about the dangers of misplaced loyalty and the rewards of well-placed trust in the right people.
This is what I have learned from it…