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The American Contractor Show

What Makes Being an AMERICAN Contractor Special

πŸ“… July 2, 2020 ⏱️ 35:28 🎀 John Dye, Butch Lockhart, Pate Smith, Matt Danskin

Chapters

Click to jump to section

  • 0:39
    Independence Day welcome with Butch Lockhart
  • 1:45
    Defining the American dream in contracting
  • 2:19
    How technology made business easier
  • 3:27
    Butch's career: contractor to Firestone, GAF, rep
  • 5:38
    The three-legged stool and scaling a business
  • 8:55
    The Atlas legacy film: family roofing companies
  • 12:13
    Matt Danskin on America's unique opportunity
  • 15:46
    Pate Smith on his father's legacy and work ethic
  • 19:07
    Leverage your resources, don't go it alone
  • 23:42
    Why contractors grow too fast and fail
  • 24:50
    The Ten Habits of a highly effective roofing company
  • 27:43
    Leaving a positive legacy and closing thoughts

Speakers

J
John Dye
Host, The American Contractor Show
B
Butch Lockhart
Independent Manufacturer's Rep (ex-Firestone, GAF; Malarkey)
P
Pate Smith
McClintock Mosely Associates
M
Matt Danskin
Contractor

Key Takeaways

✦

The American dream in contracting is about building success the right way to support your family, with almost limitless opportunity for anyone willing to gain knowledge and bring value.

✦

Technology has made building a business far easier than 20-40 years ago, connecting contractors to opportunities and leverage that earlier generations never had.

✦

A durable company needs more than sales and operations; add finance to make a stable three-legged stool, then technology and marketing as a fourth component as you scale.

✦

Many contractors with great work ethic still fail by growing too fast without financial maturity, overextending on taxes, bills, labor, or material.

✦

Work ethic alone isn't enough; you have to leverage the resources and wise counsel around you (even a 40-year veteran calls peers for advice) instead of figuring everything out alone.

✦

America's unique advantage is opportunity regardless of your starting point (no diploma required if you'll apply yourself) and no internal borders, unlike the smaller, boundary-constrained markets abroad.

✦

Legacy is central to the American dream: build not just for today but for the next generation, set an example of work ethic and integrity, and remember kids want the chance to grow up wanting to be like you.

✦

Butch's Ten Habits of a highly effective roofing company: monitor a business plan, focus on total customer satisfaction, build positive team culture, build your brand, embrace technology/social media, implement a standardized selling system, commit to quality, develop intelligent financial structure, maintain integrity and life balance, and leave a positive legacy (including a current will).

✦

Doing it right the first time is more profitable than doing it over, and because most people expect roofers to be unreliable, those who build good habits and do it right stand out and shine far brighter than the rest.

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