How a Former Fortune 200 Exec Runs His Home Improvement Business | Lee Diamond

18 snips

Jan 20, 2025

Lee Diamond, a former Fortune 200 executive, shares his unique journey of transitioning to home improvement entrepreneurship alongside his son. They discuss modernizing business practices and the art of change management. Lee emphasizes the importance of team culture to retain top talent and explores strategies for enhancing profitability in a post-COVID landscape. He also highlights the value of corporate strategies in small business settings, illustrating how to build a sustainable operation that aligns personal aspirations with business success.

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ANECDOTE

Corporate Exec to Entrepreneur

Lee Diamond, after a 30-year corporate career, partnered with his son to buy K&H Home Solutions.
This Denver-based home improvement company is his entry into entrepreneurship.

INSIGHT

Change Management

Corporate experience provides valuable skills like change management and strategic planning.
These skills are essential for smoothly implementing changes and avoiding overwhelm.

ADVICE

Stop and Think

Stop and observe your business before making changes, even if you're busy.
This allows you to assess what's working, what's not, and identify areas for improvement.

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EPISODE 231: You want your home improvement business to run like a well-oiled machine? Then you’ll want to take a page out of the book of none other than corporate America.

Although there’s no venture out there like running a home improvement business, there are SOME lessons we can learn from larger corporations. From precise money management tactics to the best tips to become a better leader, big companies bring a wealth of proven strategies you can use to grow your business.

I discuss all of this in more detail with my guest in this week’s episode of The Wealthy Contractor podcast, Lee Diamond.

Lee is a former Fortune 200 executive that has had the MOST unique entrepreneurial journey. After a successful corporate career, Lee partnered with his son to acquire a home improvement business in Denver, Colorado.

Together, they’re blending corporate sophistication with the flexibility and grit of small business ownership to create the company of their dreams.

In this episode, Lee and I will be discussing how he modernized his company, everything you need to learn about change management, the importance of building a team culture that will prevent great employees from being hired away from you, and so much more.

Are you ready to transform your business?

Then tune in now and discover Lee’s blueprint for success!

Key Takeaways:

Introduction (00:00)

Lee’s journey from corporate exec to entrepreneur (01:23)

Blending corporate skills with entrepreneurial grit (11:40)

Profitability and scaling (21:09)

How to develop leadership within your team (39:46)

Secrets to empower your employees (45:34)

Self-development is key to business success (48:45)

Additional Resources:

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⚡ Learn more about The Wealthy Contractor Success Society: https://www.TheWealthyContractor.com/SuccessSociety

⚡ Brian’s book, The 7 Secrets To Becoming A Wealthy Contractor, is now available. Visit https://www.TheWealthyContractor.com/ for a free copy (just pay shipping).

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The Wealthy Contractor is a podcast for home improvement professionals who want to grow their business, work less, and make more money. Follow us for more!