Taking Nicholas Hopkins’ career path proves no easy task. One needs to live in two cities hit by hurricanes, work as a drug counselor and get a master’s degree that entails studying historic methods for carpentry, masonry and metal work.
Watching a movie that was set in the wilds of the Rocky Mountains happened to remind me of a line from Rudyard Kipling’s The Jungle Book: “For the strength of the pack is the wolf, and the strength of the wolf is the pack.” I believe this sentiment to be true in business as well as in nature.
The gap between exit-ready restoration businesses and eager buyers continues to widen, and a lack of sellable businesses could spin the industry into crisis. But there is good news on the horizon for current owners who focus on six key areas of their companies.
By all means, let your gut lead the way when it comes to establishing your company values, your sense of purpose, and your long-term vision. But for the sake of that beautiful vision, strategize by the numbers.
Rather than begin the hiring process by looking at external factors such as unemployment rates or shifts in the perceived value of secondary education (things outside your control), it would be more beneficial to start the recruiting process by looking internally at both your company’s culture and the company’s leadership (things within your control). Chuck Violand highlights three critical areas to invest in.
R&R is honored to formally celebrate women making strides within their organizations and restoration overall for the seventh consecutive year. This year, 46 impressive women were nominated and one remarkable individual rose to the top.