Sundt and Growth of Wealth

One of the most common and dangerous misconceptions we hear about ownership in a construction company is that it’s all about perks owners get.

D. Brown Management Profile Picture
D. Brown Management
January 3, 2019 2 minute read
Share

Perk (/pərk/) noun:  Abbreviation of perquisite - money, goods, or other benefit to which one is ENTITLED as an employee or as a SHAREHOLDER of a company.

Succession: Investing in a Construction Business. Book: Level Headed, Inside the Walls of One of the Greatest Turnaround Stories of the 21st Century by J. Doug Pruitt and Richard Condit.
  • What kind of vehicle can I get?
  • What kind of expenses can I get reimbursed?
  • What memberships can I get paid for?
  • What travel and entertainment can I get as benefits?
  • How much time can I take off?
  • How big will my office be?  

If these are the questions that come up, they are 100% the wrong level of questions.  

The biggest “perk” to being an owner of a construction company is the opportunity for your money get a 20-35% annual rate of return versus the 8% or so that the market provides.  

Owners who are focused on exploiting that single “perk,” viewing it more as a privilege, are the ones who will truly outperform in the long run.

Sundt is a great example of this alignment

Markets (Benchmarks, Trends, Forecasts, and Predictions)
Benchmarks, trends, forecasts, and predictions about the market(s) that contractors work within including the overall economy, specific industry sectors, specific geographies, project delivery methods, regulations, and financing.
Related Article
Making a Contractor Less Risky
There are two major things that will control risk and variability for the ownership.
Related Article
A Prepared Mind, Body, and Home Creates a Strong Foundation
It will be impossible for people to fully focus on critical business issues if they aren’t solid in mind, body, and home. Career and business growth will always be stronger with a stable foundation.
Related Article