Hi Shawn absolutely love your channel just subscribed and turned on the notification bell. My name is Abdullah I am 20 years old and I currently live in Toronto Canada. I really love the construction industry and see how much potential there is, my longterm goal is to own my own business that can possibly function with out me. My plan is to first work for a successful home remodeling company to get a good understanding of the different trades, then go for my GC license. My next goal is to work as a project manager and part time in sales to learn as much as I can on the business end. I strongly believe that this will provide with a good understanding and the skills needed to start my own construction business. At the the end of the day I am still a 20 year old and this goal may sound delusional so I hope you may guide me and give me advice on what you think the most ideal and efficient path to take on becoming a construction business owner. I would also like to know if you see value in the formal schooling route (4 year bachelors in construction management) or simply working my way to my goal. I thank you once again for your help and wish your channel the best of success!!!!

What tools ,resources and teams do we need to execute or test this pls?

Awesome stuff, Shawn! Do you use any softwares or having any recommendations?

Great content. I concur.

As long as you have everything spelled out for inclusions it doesn't matter for comparison. Do you ask auto dealer to break out all the parts on a car?

SPI. Shawn’s performance indicators!

Thanks so much for this. It was very useful 😊

Great sales

Hello, Shawn. I'd be honored to assist you in making your films irresistibly interesting and taking them to the next level. Please let me know if you're open to fresh ideas.🔥

As a homeowner and client. GTFOH. You sound like a Confidence Man Didn’t finish video but your steering people wrong

thank you for all of your video and information

I would like to watch the video with some kind of animation or something like that, sometimes I was lost during the video

The link to the post doesn’t work

Hey Shawn, I am listening to your book on Audible right now. You mentioned a bookkeeper or CPA that you like but now I can't find her name. Can you tell me that or does someone else know? Thank you

You can't just read pages in a video. I lost interest right away.

Yeah I've work for some many construction companies and the owner never come to see job?

A contractor can get millions in contracts but if we cant perform its mean less 😒

But what about i still want put my toolbelt on and tear some asss ?

My mom calls it reverse planning and it is highly useful for logistics

Sounds like he read the E myth and is just plagiarizing

Cost plus is not also known as time and material. They’re 2 different things maybe that’s why you find it difficult

Line item pricing can protect you though too bc if there is confusion on how many lights/doors/trim etc. Were quoted u can go back and show them that they paid for 8 doors not 10.

this is very informative, mate!

What about a small business with seasonal business

Great video

33 years, 218 homes built, we don"t Bid or do cost plus on custom homes. We charge a fee to design and estimate the Home. The we list ALL the estimates for each process of the build for the owner to see. Our management is listed as well, and is billed at certain finished stages of the project. This has been the best system we have found. However it still doesn't stop owners from going over their own budget. But it is safe for us as a builder. Great podcast Sir!

NICE

Everyone Has their own opinion. Cost Plus contracts are great

I agree wholeheartedly with your video. Makes me re-think everything I have been doing.

If I have to choose from 4 clients and one of them has been hiring me for years on a cost-plus basis which allows me to be creative and aggressive without bogging myself down in paperwork I am going with that project. Quality of life :-) 30% or more is the mark-up number. 20% even if we only refer because we stand behind our references.

This is very helpful and useful. I got me teary eyed. This is a gem of knowledge. Thank you for sharing

Taking accountability is not only a good character but also a desirable skill. kzbin.info/www/bejne/j5CYh4CXg9GAjK8

Hire illegals for 50 bucks a day. Many scum contractors are parasites to the Construction Industry.

In the current Covid environment where materials and labour is messed, cost plus is the fairest way to complete a contract for both sides. The critical element of using cost plus is that all contractors are trustworthy.

Thank you for this🙏🏾🙏🏾

I don''t have experience in running or owning a construction company ( civil road construction) . A opportunity came for me in this field so i grab it and now things are about to begin, on the upper hand my team will work with me have more years of experience in construction. i need a mentor like you, so i can be on the right path of managing it and also know how to operate my company without confusion or mismanagement. waiting for your response. ta

Loose hair on your right side is driving me nuts!!! 😭

Normally I do lump-sum; however Ive done many cost-plus contracts usually due to; Insurance claims with many unknowns like mold....., or kitchen/bath remodels where the customer just can't decide in advance the dozens of materials choices, and finally when a fickle customer makes incessant changes to a lump sum deal - slowing progress while my subs and I Waite for the numerous decisions and signatures. In any event I get a retainer up front equal to at least 1-2 weeks of costs-plus and invoice with payment due weekly, or every 2 days, or daily -all depending on perceived risk. That retainer serves as a buffer and is perpetually maintained until the project ends. How do I get these conditions? A solid - impeccable reputation.

Well said. Ive been a contractor for 30yrs and never do Line item contracts, even on my commercial projects. Over the years I've developed a reputation that people trust, and writing an explicit contract is key. Thank you!

Great insight. So many important considerations before jumping into a contract. Even for someone who is a small GC (self preforming most things) in find your stuff so helpful! Thanks Shawn

Shawn it sound like you are talking to contractors, So as a home owner I ant a cost plus because I want control of the payouts I want to know what we are paying for concrete and maybe I can find a lower price if my general is selling it to me for more, I want controls of deciding of the sub contractors such as rough in framers plumbers and electricians, It seems the going rate in my area is 20% so if a general cant take the job with that kind of profit that is not my problem.

Haha 7.5 hours!? The last side table I made took literally 40 hours. Hell finishing alone was half of it. Yes, I'm just that bad.

Thank you ❣️ we are taking off work wise but have no system

Glad I found your channel

Hey peeps! Old salesman and new contractor here, looking for a coaching program. I need people like myself to express their opinion about this training, and COSTS. No sales speech please, talk number to me and im yours :)

1st. Great info. 2nd I had to watch it twice spent 98% of your video watching that one hair. Serious though awesome hair man I’m a little jealous

You're the exact kind of person that scares MY costomers

I work for a local construction company here in iowa that I feel would benefit from these and "engaged employees " methods. The problem is that the owner believes that since he's been in business for 15 years he must be doing everything right. How should i suggest these tips without insulting him? I want him to feel that I'm trying to help the company grow, not that I'm predicting failure or suggesting I'm unhappy.

Damn, cute and smart

Thank you!