What if better data visibility could prevent common construction project failures? Join us in a fascinating conversation with Michael Pink, CEO of SmartPM, as he reveals how his innovative technology is revolutionizing the construction industry. Michael shares his journey from a consultant to a transformative tech leader, highlighting how SmartPM leverages existing project data to provide real-time performance metrics. From executives to site workers, discover how teams can manage projects more effectively, ensuring they stay on time, on budget, and out of legal trouble. Listen as Michael recounts his experiences in the field, the patterns of project failures he observed, and the invaluable lessons learned during the customer discovery process.
Transitioning from consulting to entrepreneurship is no easy feat; it requires significant mental and lifestyle adjustments. Michael opens up about the challenges he faced moving from a stable career to the high-stakes world of business ownership, emphasizing the heightened work ethic and focus necessary for success. Balancing a new business while starting a family, Michael's story illustrates the pressures of ensuring financial stability and the unwavering commitment it demands. This episode offers valuable insights for consultants contemplating a similar leap, suggesting how leveraging existing skills can provide a sustainable foundation while pursuing larger ambitions. Tune in to understand the values, beliefs, and intentions behind leaving a lasting legacy in business.
Timestamps 00:00:00 - Introduction and Welcome to Business Legacy Podcast
00:00:35 - Introduction of Michael Pink, CEO of SmartPM
00:01:15 - Michael Pink's Background and the Origin of SmartPM
00:03:00 - Leveraging Existing Project Data for Real-Time Performance Metrics
00:05:45 - Transitioning from Construction Consultant to Innovator
00:07:30 - Identifying Patterns in Project Failures
00:09:00 - Importance of Data Visibility in Project Management
00:11:00 - Challenges During the Customer Discovery Process
00:14:44 - Mental and Lifestyle Adjustments from Consulting to Entrepreneurship
00:16:30 - Balancing Business Growth with Family Responsibilities
00:18:15 - Leveraging Existing Skills for Sustainable Business Foundation
00:20:00 - Empowering Teams with SmartPM Technology
00:22:30 - Real-Time Performance Metrics for Different Team Levels
00:24:00 - The Impact of COVID-19 on the Construction Industry
00:26:30 - Shifting Focus from Owners to Contractors
00:28:00 - Improving Scheduling and Project Controls in Construction
00:30:00 - Overcoming Over-Optimism Bias in Construction Projects
00:32:00 - Michael's Journey from Consulting to Building SmartPM
00:34:00 - Balancing Entrepreneurship with Family Life
00:36:00 - Building a Business Legacy in the Construction Industry
00:38:00 - Final Thoughts and Reflections on the Journey
00:39:30 - Where to Find More Information About SmartPM
00:40:00 - Closing Remarks and End of the Episode
Visit the website https://smartpm.com/ to find out more about SmartPM’s work.
Legacy Podcast: For more information about the Legacy Podcast and its co-hosts, visit businesslegacypodcast.com.
For more information: Visit businesslegacypodcast.com to access the shownotes and additional resources on the episode.