ETA·BRAINa Katyella project

Acquiring Minds

Bricklayer to Blue-Collar Empire

Excerpts · 509 segments · ~1:34:27 long

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That's what I believe. I mean, I, you know, it may not be a perfect, perfect philosophy, but it seems to work for us at least up until this point.

Right. Okay. Talk to us about managers. So each of these businesses is basically running itself, right? You're not, you're not really involved in the day to day in any of them?

Not much, no. No. Okay. I spend, you know, I have a busy workload with my CFO all week. You know, we meet with every company once if not twice a week, but definitely once. We go over certain, certain criteria every single week.

And then, you know, that takes up most of the week. And then I have, you know, random meetings all week too. But, but yeah, we look at certain things every single week.

I look at my bank balances three times A week, Monday, Wednesday, Friday, just, just as another control, you know, another set of eyes. Just, you know, because a lot, a lot of, a lot of transactions are being done. And you know, you just can't have one person looking at everything.

Even, even one controller per company. Like each controller needs another, another set of eyes checking their work too, you know, because that's when, that's when fraud happens. Not that I would, not that, not that I ever would think any of my presidents or controllers would be fraudulent, but like that's also what was said by every single person who probably got ripped off in business, right?

And these presidents, the people who are capable enough to run these businesses, how do you find them? Talk to us a little bit about that. Because building a holding company or buying multiple businesses to make that work, to make that scale at all, of course you have to find leaders who can run these businesses because you can't be all places at once. So how have you cracked that nut?

It's pretty easy for me because it's, it's. I am, if there's one thing that I think I am good at is, is identifying work ethic in people, right? And, and, and you, you ever meet those people in your life where, where you just, you, they are like the most solid people you've ever met.

Their work ethic is their, their problem solving ability. They're just like, they're just like your top notch, like just, just rock solid people, right? And I have a list of those people in my mind and it's not a very long list, but those are the guys that I chose.

And you know What? They weren't 100%. You know, I always try to stress this too with people that you don't particularly need to know how to do all these services to run the business, right? A good, like I say it all the time, a good plumber doesn't automatically equate to a good guy running a plumbing business, right? Those are two totally different trades, right?

Running a business and actually doing the work, two totally different crafts, right? So it's like even if you have a guy that, that is, that is super knowledgeable and you know, business minded and, and is going to work until, till things are done without question, right? Regardless if he knows the trade or the business at all, he's going to figure it out, right?

And, and that's what you want. You want someone to figure it out, not just clocking out at 4:30 Monday through Friday and not being able to get a hold of them. Like you want those people that that it's, it's, it's a lifestyle.

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