The K Cup
Jon Kelly and Joe Nortrup of the Kelly Construction Group have fun while discussing business insights, some that center around the operations at the Kelly Construction Group, but also insights that could apply to all entrepreneurs in business. They look forward to sharing guest interviews of professionals from businesses related to the construction industry like architecture, engineering, commercial lending and commercial real estate. They hope to inspire and inform all those that tune in.
The K Cup
When Desperation Drives the Bid - Hard Lessons Learned from Estimating Errors |The K Cup Episode 29
In Episode 29 of The K Cup Jon Kelly & Joe Nortrup Discuss 3 Important Factors Related to Poor Estimating Habits. Jon and Joe talk about the reality of the "we'll figure it out..." fallacy, the flawed strategy of " the change order mirage...", and the hidden cost of the substandard work that results from chronically bad estimating.
Chapters
00:00:01 Jon's POV Introduction to Episode 29
00:00:20 Musical - Logo Intro
00:00:28 Joe Introduces Episode 29 and Explains the Episode's Content
00:02:01 Jon Gives a Teaser About What Will Be Covered
00:04:22 Joe Introduces Point 1 the "We'll Figure It Out..." Fallacy
00:11:56 VSL for Kelly Construction Group
00:12:29 Episode Resumes With Point 2 - the "Change Order Mirage..."
00:15:45 Joe Introduces Point 3 - "The Hidden Cost of Bad Work..."
00:24:59 CTA - PLEASE SUBSCRIBE!
Hashtags
#generalcontractorsbatonrouge #theKCupPodcast #constructionpodcast #howto #business #KellyConstructionGroup #Louisiana #commercialconstruction #contractor #building #buildingdesign #architecture #designbuild #AIA #commercialrealestate #commerciallending #creprofessionals #developers #CREinvestors #entrepreneur #entrepreneurship #businessstrategy #collaboration #collaborativebusinessecosystem #essentialnetworkingsystem #collaborativeconsumerengagement #prominentpersonofimpact #buildyourbrand #brand #joenortrup #jonkelly
Keywords
general contractors baton rouge, commercial construction, business strategy, business, start a business, start your own company, start a construction company, builder insights, contractor insights, contracting business, entrepreneur, entrepreneurship, commercial construction industry, architecture, commercial real estate, commercial lending, brand building, Joe Nortrup, Jon Kelly
Takeaways
*Learn how estimating is the centerpiece for your contracting business and directly affects the trajectory and the longevity of your business.
* Learn about the dangerous mindset of thinking "...we'll figure it out when we win the project..."
* Learn how why the strategy of thinking you will take the project as low as needed to win it and then try and use change orders to achieve profitability is a dangerous, unethical, and flawed strategy.
* Learn about the long-term negative affect of not trying to accurately estimate projects will have on your business and your reputation.