LLC

LLC

By David WintzerBusinessEntrepreneurship
Download on the App Store

LLC episodes

  • Ep 59. Our Very First LLC In Construction

    In this episode, David shares a lesson learned in the construction industry about the importance of vetting subcontractors and ensuring they pay their vendors. He tells the story of a subcontractor who didn't pay the concrete company, resulting in a lien on the property. David had to pay the debt to remove the lien, costing his company $3,000. He emphasizes the need to cross-check subcontractors' payment history with suppliers and to have them sign lien waivers. David also discusses the exposure and risks in the construction industry and advises listeners to slow down, analyze their exposures, and seek professional help to protect themselves.

    keywords
    construction industry, subcontractors, vetting, payment, lien, exposure, risks, analysis, professional help

    takeaways
    Vet subcontractors and ensure they pay their vendors before paying them in full.
    Cross-check subcontractors' payment history with suppliers and have them sign lien waivers.
    Analyze and understand the exposures and risks in the construction industry.
    Seek professional help to protect yourself and outsource areas where you are deficient.
    titles
    Cross-Checking Payment History and Using Lien Waivers
    Understanding the Exposures and Risks in Construction
    Sound Bites
    "Make sure that you are cross-checking that all your subcontractors, no matter how much you feel they're honest, they're good business people, they do the right thing, double check that they are paying their vendors."
    "Don't just pay the subcontractor the full price without checking to make sure that the supplier got paid as well."
    "We are so exposed because there's so many things, lien waivers, like the accounting, the insurance, the bidding, the billing."

    Chapters
    00:00
    Introduction and Apology for Not Having Tiger Woods on the Show
    03:24
    Lesson Learned: Vetting Subcontractors and Cross-Checking Payment History
    09:22
    The Importance of Lien Waivers and Checking Supplier Payments
    18:26
    Understanding the Exposures and Risks in the Construction Industry
    23:47

    28 min
  • Ep 57. $250,000 Change Order

    In this episode, David shares a story from his early days in construction where he learned two important lessons: construction is undefeated and the value of leadership. He recounts a project where the soil stabilization plan failed, leading to a $250,000 change order and a two-month delay. Despite being shut down by a representative from the developer, David's team stood up for him and recognized his knowledge and contribution. This experience taught David the importance of valuing and empowering team members, as they can provide valuable ideas and solutions for the company's growth.

    keywords
    construction, leadership, soil stabilization, change order, teamwork
    takeaways
    Construction is unpredictable and can present unforeseen challenges.
    Leadership involves valuing and empowering team members.
    Listening to and considering the ideas and suggestions of team members can lead to innovative solutions and business growth.

    titles
    Creating an Intrapreneurial Culture
    The Unpredictability of Construction
    Sound Bites
    "Construction is undefeated."
    "Does David have information we needed to hear from?"
    "I trusted them when they stood up for me."

    Chapters
    00:00
    Introduction and Apology for Tiger Woods' Absence
    04:17
    Soil Stabilization Challenges
    07:05
    The Impact of Failed Soil Stabilization
    10:00
    The Importance of Valuing Team Members
    13:01
    Leadership and Collaboration
    16:31
    Creating an Intrapreneurial Culture
    19:11

    23 min
  • Ep 56. Foundation Basement Leak

    In this episode, David discusses the lessons learned from a foundation leak in a house. He emphasizes the importance of waterproofing and the destructive power of water in construction. He then draws a metaphor between water and human behavior, highlighting how humans often take the path of least resistance. David encourages listeners to keep the promises they make to themselves and find happiness in making progress. The main takeaway is to try a little harder and not settle for the easy way out.

    19 min
  • Ep 55. We Almost Died Hiking This Day

    In this episode, David shares a harrowing story of a rock climbing accident that he and his friends experienced. He emphasizes the importance of trust and teamwork in both life and business. The key takeaway is that when you trust your team to do their job, you can focus on your own tasks and achieve success. David encourages listeners to build a team they can rely on and to let go of individuals who are not pulling their weight.

    keywords
    trust, teamwork, business, construction, accident, survival
    takeaways
    Trust your team to do their job
    Surround yourself with people you can rely on
    Let go of individuals who are not pulling their weight
    Focus on your own tasks and goals
    titles
    The Power of Trust and Teamwork
    Building a Reliable Team for Success
    Sound Bites
    "It's a lot easier to grow an organization when you're surrounded by people you trust."
    "If you want to grow something, if you want to be successful, if you want to have a win and stay alive on the mountain, if you want to grow your business and have a win and make money and build a bigger business than you already have, you have to trust your team."
    "If you don't trust your team, you have to get rid of that team. You have to get rid of that individual that is not pulling their weight because they are the difference between your survival and your death when it comes to anything you do with a team."

    Chapters
    00:00
    Introduction and Project Update
    03:01
    The Rock Climbing Accident
    17:13
    Reflections on the Accident
    21:35
    The Lesson Learned: Trust and Teamwork
    25:06
    The Importance of Trust in Business
    27:03

    30 min
  • Ep 54. Logistical Challenges Make You A Better Con

    In this episode, David shares his experiences and lessons learned from working on challenging construction projects. He talks about the logistical challenges he faced while working on a project at the St. Regis hotel, where he had to coordinate with hotel guests, deal with limited space, and navigate strict regulations. He emphasizes the importance of patience, communication, and thinking ahead in order to overcome these challenges. David also discusses the value of learning from difficult clients and projects, as they can help improve skills and sharpen the ability to handle complex situations.

    Keywords
    construction, logistical challenges, patience, communication, thinking ahead, difficult clients, project management

    Takeaways
    Logistical challenges in construction projects require patience, communication, and thinking ahead.
    Difficult clients and projects can provide valuable lessons and opportunities for growth.
    Effective communication and coordination with team members, clients, and stakeholders are crucial for successful project management.
    Thinking ahead and anticipating potential issues can help prevent delays and ensure smooth project execution.

    Titles
    Learning from Difficult Clients and Projects
    The Importance of Communication in Project Management

    Sound Bites
    "Sometimes they're being a headache because you didn't do your job correctly and they're calling you out."
    "Difficult projects teach you the fine details in construction that most of us miss."
    "Communication is everything. As long as you communicate with people, you can overcome challenges."
    Chapters
    00:00
    Introduction and Project Update
    02:57
    Logistical Challenges and Coordination
    07:33
    Applying Lessons to Future Projects
    10:22
    Learning from Frustrations and Challenges
    13:35
    The Power of Communication
    15:23
    Lessons from Business Development
    17:28

    21 min
  • Ep 53. Finish Your Construction Projects Strong

    In this episode, David Wintzer discusses the importance of leaving customers and clients satisfied at the end of a job or project. He shares a study that shows how people remember the last part of an experience more than the beginning, and how this applies to various aspects of business. David emphasizes the significance of follow-through and finishing strong, as it can lead to referral business and positive recommendations. He also encourages contractors to bill for the time spent on miscellaneous tasks and punch list items. Overall, the key takeaway is that leaving customers satisfied at the end of a job is crucial for long-term success in the construction industry.

    Keywords
    customer satisfaction, finishing strong, follow-through, referral business, construction industry

    Takeaways
    Leaving customers satisfied at the end of a job is crucial for long-term success in the construction industry.
    People remember the last part of an experience more than the beginning, so it's important to finish strong.
    Follow-through and attention to detail in completing miscellaneous tasks and punch list items can lead to positive recommendations and referral business.
    Billing for the time spent on these tasks shows that you care and are committed to finishing the job to completion.

    Titles
    The Importance of Leaving Customers Satisfied
    Finishing Strong: The Key to Long-Term Success

    Sound Bites
    "People remember how you left them."
    "The opportunity for you to build residual business, referral business, if you're in this game for the long time."
    "People will remember how you left them. Plain and simple."
    Chapters
    00:00
    Introduction and Background
    02:57
    The Study on Mood and Experience
    05:45
    The Impact of Service in a Restaurant
    08:04
    Applying the Concept to Construction
    10:55
    The Importance of Finishing Strong
    14:56
    The Challenge of Following Through
    17:48
    The Difference of Leaving a Positive Lasting Impression
    20:05

    22 min
  • Ep 51. My Idea To Change The Construction Industry

    In this episode, David discusses the idea of changing the construction industry by implementing an incentive program for performance and consequences for non-performance. He shares a conversation with a mentor who suggests that subcontractors should be rewarded with a 5% bonus if they complete their tasks correctly and on time, but also face a 10% deduction if they fail to meet expectations. David contemplates whether this approach would work and seeks input from listeners. He emphasizes the importance of holding people accountable in order to improve the industry.

    Keywords
    construction industry, incentive program, performance, consequences, accountability

    Takeaways
    Implementing an incentive program for performance and consequences for non-performance could help improve the construction industry.
    Subcontractors could be rewarded with a bonus for completing their tasks correctly and on time.
    There could be a deduction for subcontractors who fail to meet expectations.
    Holding people accountable is crucial for the success and growth of a construction company.
    The construction industry needs to adopt more efficient processes and standards to eliminate waste and improve productivity.

    Titles
    Holding Subcontractors Accountable: A Key to Success in Construction
    Changing the Construction Industry: Implementing an Incentive Program

    Sound Bites
    "The only way to change the construction industry is to have an incentive program for performance and consequences for non-performance."
    "If subcontractors complete their tasks correctly and on time, they could receive a 5% bonus."
    "Subcontractors who fail to meet expectations could face a 10% deduction."
    Chapters
    00:00
    Introduction and Project Update
    03:24
    Implementing an Incentive Program
    06:05
    Holding Subcontractors Accountable
    11:25
    The Importance of Holding People Accountable
    19:38
    Challenges and Considerations
    22:51

    25 min

About LLC

From the publisher's feed

Join David Wintzer in LLC (Lesson Learned Conversations), where he shares captivating stories and insights about lessons learned and mistakes made in construction, business, sports, and life. Each…