Remarkable Regional Business – Episode 42 (Part One)
Guests: Kate & Todd Newman
Business Name: Todd Newman Builders
Website: https://www.toddnewmanbuilders.com.au/
Most people assume a successful business should always keep growing.
Kate and Todd Newman learned that growth can sometimes create more problems than it solves.
In Part One of this conversation on Remarkable Regional Business, Caleb Maxwell sits down with the founders of Todd Newman Builders, a Bendigo-based residential building company that has been operating for more than twenty years.
The discussion begins with the early years of the business, when Todd and Kate started from a home office while raising young children and slowly built a reputation in the Bendigo building industry.
Along the way, an unexpected opportunity maintaining fuel stations across Australia created a commercial arm of the business that helped stabilise income while the residential side continued to grow locally.
The conversation also explores a major turning point for the company.
After winning Bendigo Business of the Year 2016, demand for their services surged. The business expanded rapidly, but the growth quickly stretched systems, staff and management capacity.
Kate and Todd share the lessons that came from that period and the decision that ultimately reshaped the business.
Topics Covered
/ How Todd Newman Builders started and grew in Bendigo
The early years of building a reputation while running the business from home.
/ The unexpected commercial opportunity
How maintaining fuel stations across Australia helped stabilise the company financially.
/ Winning Bendigo Business of the Year 2016
How the recognition triggered a sudden surge in demand.
/ When rapid growth becomes a problem
Why the business expanded faster than its systems could support.
/ The decision to scale the business back
How reducing the size of the operation ultimately created a stronger and more sustainable company.
This is Part One of the conversation with Kate and Todd Newman from Todd Newman Builders.
Continue to Part Two to hear their insights on the modern building industry, rising construction costs, and the realities homeowners should understand before starting a build or renovation.
https://www.toddnewmanbuilders.com.au/