About 500 construction contractors startup each day.
- Many of those are just people having an “entrepreneurial seizure,” as Michael Gerber describes in The E-Myth Contractor.
- A few of these will have the grit and skills to build the ENR Top 400/600 contractors of tomorrow.
- Others are experienced construction executives who will go on to build substantial construction businesses relatively quickly.
- In most cases, a new contractor starting up will cause a serious talent drain on the contractor they leave as well as changing the competitive landscape.
Make sure that your ownership transition plans don’t create another competitor.