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Why Two Owners Need More Than 1.5x Work

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Manage episode 523645826 series 1423871
Content provided by Modern Craftsman. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Modern Craftsman or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

Tyler answers a listener's question about two belt-on GCs teaming up in a 50-50 partnership and trying to keep things simple while still making real money. He breaks down how to price owner labor, define roles, track time, and protect both your margins and your friendship when you run a tiny company with two owners.

Show Notes:00:00 Two owners, tiny company 05:26 Ryan's email setup 08:00 One and a half myth 10:19 Where you make money 13:00 Self perform vs subs 15:00 Pros and cons of partners 17:20 Roles, risk, resentment 19:59 Tool belt vs business 25:01 Staying niche, lean overhead 29:29 Tracking time and overhead 34:25 Protecting the friendship 38:50 IBS tickets and outro

Video Version:https://youtu.be/6b0RrhcuXT0

Partners:

Andersen Windows

Buildertrend

Harnish Workwear

Use code H1025 and get 10% off their H-label gear

NAHB International Builders' Show

The Modern Craftsman:

linktr.ee/moderncraftsmanpodcast

Find Our Hosts:

Nick Schiffer

Tyler Grace

Podcast Produced By:

Motif Media

  continue reading

541 episodes

Artwork
iconShare
 
Manage episode 523645826 series 1423871
Content provided by Modern Craftsman. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Modern Craftsman or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

Tyler answers a listener's question about two belt-on GCs teaming up in a 50-50 partnership and trying to keep things simple while still making real money. He breaks down how to price owner labor, define roles, track time, and protect both your margins and your friendship when you run a tiny company with two owners.

Show Notes:00:00 Two owners, tiny company 05:26 Ryan's email setup 08:00 One and a half myth 10:19 Where you make money 13:00 Self perform vs subs 15:00 Pros and cons of partners 17:20 Roles, risk, resentment 19:59 Tool belt vs business 25:01 Staying niche, lean overhead 29:29 Tracking time and overhead 34:25 Protecting the friendship 38:50 IBS tickets and outro

Video Version:https://youtu.be/6b0RrhcuXT0

Partners:

Andersen Windows

Buildertrend

Harnish Workwear

Use code H1025 and get 10% off their H-label gear

NAHB International Builders' Show

The Modern Craftsman:

linktr.ee/moderncraftsmanpodcast

Find Our Hosts:

Nick Schiffer

Tyler Grace

Podcast Produced By:

Motif Media

  continue reading

541 episodes

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