The Cash Flow Contractor 235 - Real Planning for Growth: What It Actually Takes to Grow Your Construction Business with Mike Andes
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Dec 19, 2024 In this discussion, Mike Andes, founder of Copilot CRM and expert on scaling construction businesses, shares essential strategies for achieving real growth. He delves into the crucial difference in skill sets needed to grow from one to ten million in revenue. Mike emphasizes the power of software in driving business efficiency and discusses the importance of systematizing operations. He also addresses the significance of understanding business capacity and the vital role of hiring the right talent, especially executive assistants, to optimize success.
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Scaling Challenges
- Scaling a business from $1 million to $10 million requires a different skillset than growing from $0 to $1 million.
- Further scaling to $100 million presents another set of challenges and skills to master.
Software's Importance
- Software is crucial for unlocking growth in the construction industry over the next decade.
- Mike Andes built Copilot CRM to control this aspect of his business and the industry's future.
Software Scaling Challenges
- Rapid scaling led to system crashes and highlighted Mike Andes' lack of software expertise.
- Restructuring, rebuilding, and hiring new engineers were necessary to address these challenges.
