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The Builder Nuggets Podcast

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  2. Ep 110: Putting Ego Aside

Ep 110: Putting Ego Aside

Feb 7, 2023

At some point, every business either ends or transitions to new ownership. Oftentimes, the reason a business ends is because an owner is unprepared or overwhelmed with learning how to transfer ownership. Enter today’s guest, Joshua Dean. He wasn’t always President of Precision Homecrafters, but through a well-thought-out exit strategy by the previous owner, he gained his new title. On today’s show, he shares not only how he did it the first time, but how he’s doing it again. It’s never too late to prepare to step down, and it’s never too early to learn how to step up.

 

Show highlights include:

 

  • 3:12 Pretty early on I discussed the idea of taking over the business from my boss/mentor
  • 4:20 It’s really hard for me to be told what to do
  • 5:50 One of the most important things needed to be successful in taking over another business is TRUST
  • 11:10 I honored the legacy of the relationships that George, the previous owner, developed in the business
  • 13:11 For me, honoring the previous generation is very important
  • 19:00 NUGGET - Make sure your business is NOT reliant on you. You have to let go
  • 20:42 When you eat a turd sandwich you say man, I never wanna do that again!
  • 22:57 You have to have the ability to put your ego to the side and receive constructive criticism
  • 28:20 I now have my eye on expansion and possibility acquiring other businesses
  • 33:50 There is an SBA program called Thrive
  • 34:33 I am my company’s biggest problem…




You can learn more about Joshua at https://www.precisionhomecrafter.com/ or joshua@precisionhomecrafters.com.





Social media:

LinkedIn - https://www.linkedin.com/in/joshua-dean-b0b8608/

Facebook - https://www.facebook.com/joshua.dean.376

Instagram - https://www.instagram.com/vicariousoutdoorsman/

Youtube - https://www.youtube.com/channel/UCRwKjWztVo_-og6EQV7R8WA




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