Owning a Construction Company
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One of my best friends and her husband own a construction company up in Gainesville. Since I spent so much time with their family, I ended up learning more than I ever thought possible about the industry and the running of their business. I suppose I had never given much thought to the fact that there is a huge investment In order to have the right sort of equipment on hand. You cannot just buy a big pickup truck and call yourself a construction firm.
Of course, it doesn’t always make sense to actually own all of the equipment. Keith often just leases what he needs for any particular job. If he needs a cable reel trailer, for example, it makes better economic sense for him to rent the thing than it does for him to own and maintain it. There is no shortage of companies that provide construction equipment for lease, as well as for sale. Companies like Hogg-Davis Sales own the inventory so that you don’t have to. Keith does buy the equipment he needs on a more regular basis, but he does such a wide variety of work that it doesn’t always make sense to buy every piece of specialty construction equipment he uses.
My friend and her husband do well, very well indeed. My view of blue collar work was completely changed when I got to know them. Keith has advanced college degrees, but he only found financial success once he settled into his business, which he only did because he wanted to actually be doing something he loved day in and day out. As I get older I see more and more merit in doing what you love. Sometimes you have to sidestep the issue of money and look ahead to the years you are investing in your career. I cannot imagine being miserable in a job for 20 years.
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