OM DENNE EPISODE
Ryan Quinn acquired a 30-year-old construction company after the owner said he was either closing the doors or selling. Ryan and his wife Nancy survived year one, and are now rebuilding the business into something new.
Key takeaways:
00:00:00 Introduction
Q: Have construction prices come down since COVID?
A: Ryan Quinn says prices have not dropped in six years and owners who waited are still waiting because costs have stabilized at the higher level.
Q: Why do business owners hide their budget from contractors?
A: Ryan Quinn says hiding your budget is an old school tactic that hurts your own project because it prevents realistic guidance.
Q: What does building a new commercial building actually look like?
A: Ryan Quinn describes the journey from a cocktail napkin sketch to a 200-page document to a finished building.
Q: What is the future of the skilled trades?
A: Ryan Quinn says not every kid needs college and the trades are seeing a resurgence as stigma fades and the retiring workforce creates opportunity.
Q: What is it like to acquire a business someone else built over 30 years?
A: Ryan Quinn shares how it happened organically through trust and why an existing foundation made more sense than starting from scratch.
Q: What is the one piece of advice for new business owners?
A: Ryan Quinn says listen more because he and Nancy missed signals early on that could have helped them navigate faster.
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Connect with Ryan Quinn:
LinkedIn: https://www.linkedin.com/in/ryan-quinn-a44517106/
Website: https://qdbi.net/
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