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The American Contractor Show

Is Your Contracting Company Culture TOXIC? – Nathan Tebedo

πŸ“… August 4, 2020 ⏱️ 41:38 🎀 John Dye, Nathan Tebedo

Chapters

Click to jump to section

  • 0:00
    Intro: team building and company culture
  • 1:43
    Sponsor: Atlas Roofing
  • 2:47
    Lessons from the Contractor Coach Pro live event
  • 7:09
    How owners accidentally clone their competition
  • 8:13
    Wearing too many hats when you're small
  • 9:17
    Killing the 'purple unicorn' hire
  • 14:38
    John's shift from owner to team member at Balance
  • 17:54
    Let people focus on their strengths
  • 20:39
    Why contractors struggle to delegate
  • 24:55
    Advice to the frustrated employee
  • 26:36
    Think of yourself as your own little business
  • 29:51
    Are you contributing or detracting?
  • 35:11
    Sell more before you go start your own shop
  • 37:47
    Build a company you wouldn't have left

Speakers

J
John Dye
Host, The American Contractor Show
N
Nathan Tebedo
Lead Coach, Contractor Coach Pro

Key Takeaways

✦

Most contractors accidentally train their future competition - by teaching one hire to do every stage of the job (7-9 stages for a salesperson), you create someone fully capable of leaving to start their own shop.

✦

Duplicating yourself doesn't scale - two people who each do everything are both capped at the same capacity; you gave away a slice of the pie without actually growing revenue.

✦

Stop hiring 'purple unicorns' - instead of finding another person who can do your whole job, offload the specific tasks that eat your time (like approving jobs or building reports) to someone trained for just that.

✦

One person, one hat - like the accounts-receivable specialist whose only job is accounts receivable, defined single-task roles are the 'secret sauce' that let companies run smoothly whether they have 10 or 100 people.

✦

Let people play to their strengths - even working the same hours, doing what you love and are good at doesn't feel like stress, and employees who focus on their strengths are far less likely to become grumbly or quit.

✦

Owners over-delegate too fast because they're chasing the dream of freedom - dumping responsibilities onto one person to escape the office rushes the process; and the more you hand off, the less you initially make.

✦

Employees should think of themselves as their own little business - you're not a victim, your employer is your customer; take ownership of what roles you accept and where you apply your effort.

✦

Before leaving to start your own company, sell more where you are - go sell $2-3M and earn $300K+ in commissions first; with an ~80% failure rate inside three years, most frustration is really about doing work you hate, not a calling to own a business.

✦

The retention test for owners: build the company you yourself wouldn't have left - identify what would have kept you from going solo, then create that environment for your people.

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