Posted on September 25, 2020 by iwano@_84
Mr. McCadden, who now lives in Brookline, N.H., knows a lot about that. After he sold Custom Contracting in 2004, he started a consulting company, Remodel My Business, to help fellow contractors navigate a path to profitability and retirement.
“Contractors usually start out as carpenters, and the majority of them jump in thinking: ‘This is great. I’m going to make 35 dollars an hour instead of 26,’” he said. “They don’t usually have a lot of business savvy.” He retired from Remodel My Business at the start of the pandemic.
“When I did live training sessions, I often asked how many people in the room expect to work until they die,” Mr. McCadden said. Routinely, 70 percent raised a hand. “There’s a lot of nervous laughter after that. The majority of the people in the industry are good craftsmen. They know how to work hard, but they don’t know how