Construction Genius

41 - Diligence and Discipline: How to Overcome Pride and Fear and Select Profitable Projects


Listen Later

Doug Reitz, President of Mark Wilson Construction returns to the show to discuss the project selection process he and his team use to procure profitable work.

Throughout Doug's career in the construction industry, he has been fortunate to have worked in positions that span from Project Clerk to President. He has completed or provided oversight through all delivery methods in projects related to the Medical, Educational, Public Works, Industrial and Religious fields. During this time he has worked closely with Clients, Contractors, Inspectors, and Design Professionals seeing all sides of a construction project giving him valuable insight into the entire construction process.In addition to teaching courses at Fresno State in the late 1990s and early 2000s, Doug has also had the opportunity to speak with local contractors, design professionals, and at industry events about the leadership concepts of "Listen. Plan. Build.", "Communicate & Collaborate", and "Safety, Quality, Time and Cost".

Highlights include:

  • Project selection: It's not what you go after, it's what you don't
  • Using objective criteria to help avoid emotional decisions
  • Pride, Ego, Fear: the three-headed profit sucking monster
  • Why the hot market in California makes project selection challenging
  • How taking two hours to analyze a project can save you months of heartache and millions of dollars
  • Using "bullets first, cannonballs later" to explore new markets
  • How to intelligently weigh risk/reward and build a backlog
  • Integrating project selection into standard operating procedures
  • The dichotomy of structure and flexibility: How it impacts what you choose to build
  • Develop criteria based on your own strengths and weaknesses
  • Diligence and discipline: How to get the facts and make great decisions
  • Doug's favorite BBQ: Dog House Grill

Doug Reitz:

Website

LinkedIn

Twitter

Mark Wilson Construction:

Website

Your Next Step:

Project selection is all about nailing: right client, right job, right location

If you do it right, you'll consistently hit your "sweet spot" and make good money.

Here's how to do that:

Step 1: Define the Criteria

List all of the criteria that, from your perspective, define the "right client", "right job" and "right location"

Step 2: Rank the Criteria

Rank by importance to the success of your company. 1 is low, 10 is high.

Step 3: Score the Criteria

Use any number between 1 and 10. 1 is low. 10 is high.

Here's a tool to help you hit your sweet spot: Construction Target Market Analysis

Click on the link and download the tool. Use it to define "right project, right client, right location".

...more
View all episodesView all episodes
Download on the App Store

Construction GeniusBy Eric Anderton

  • 4.8
  • 4.8
  • 4.8
  • 4.8
  • 4.8

4.8

168 ratings


More shows like Construction Genius

View all
BiggerPockets Real Estate Podcast by BiggerPockets

BiggerPockets Real Estate Podcast

16,720 Listeners

Rich Dad Radio Show: In-Your-Face Advice on Investing, Personal Finance, & Starting a Business by The Rich Dad Media Network

Rich Dad Radio Show: In-Your-Face Advice on Investing, Personal Finance, & Starting a Business

3,828 Listeners

Order of Man by Ryan Michler

Order of Man

8,922 Listeners

REAL AF with Andy Frisella by Andy Frisella

REAL AF with Andy Frisella

386 Listeners

The Martell Method w/ Dan Martell by Dan Martell

The Martell Method w/ Dan Martell

572 Listeners

Modern Craftsman by Modern Craftsman

Modern Craftsman

1,139 Listeners

The Home Service Expert Podcast by Tommy Mello: $200 Million Founder|Forbes, Inc., Entrepreneur Columnist

The Home Service Expert Podcast

727 Listeners

Dirt Talk by BuildWitt by BuildWitt

Dirt Talk by BuildWitt

427 Listeners

Real Estate Rookie by BiggerPockets

Real Estate Rookie

1,829 Listeners

Contractor Evolution by Breakthrough Academy

Contractor Evolution

51 Listeners

Waste No Day: A Home Services Motivational Podcast by Brian Burton & Nate Minnich

Waste No Day: A Home Services Motivational Podcast

515 Listeners

The Build Show Podcast by Matt Risinger

The Build Show Podcast

370 Listeners

On The Market by BiggerPockets

On The Market

894 Listeners

The Money Mondays by Dan Fleyshman

The Money Mondays

465 Listeners

The Millionaire Real Estate Agent | The MREA Podcast by Keller Podcast Network

The Millionaire Real Estate Agent | The MREA Podcast

390 Listeners