šIs Your Construction Business Ready to Scale? Take the free online assessment HEREĀ
āļøSchedule your free business evaluation call with our team HEREĀ
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EPISODE 388: Do you ever feel like your business is costing too much? Jake Lewendal of Momentum Development knows that pain too well.Ā
Jake, a Bozeman-based builder, grew up sweeping floors on job sites. He eventually co-founded a construction company with his father-in-lawā-only to watch this relationship crumble under the pressure of a poorly-structured family partnership.
In this week's episode of The Construction Leading Edge podcast, Systematized Your Construction Business (SYCB) coach Monish Khadye sits down with Jake to unpack a story of growth, failure, and redemption.
Listen in and learn:
What really causes family business partnerships to fail
Why Jake initially sought out business partners
Crucial things to set up in a family-run construction business
How your greatest strength can also become your biggest weakness
The power of handling rejections well
ā¦and more!
If youāve ever struggled with partnerships, leadership clarity, or scaling your construction company without burning out, this episode is for you.
Letās dive in!
Ā
Key Takeaways:
Introduction (00:00)
From teen laborer to builder CEO (02:21)
Family business or family meltdown? (08:05)
Communication failure and festering resentment (14:28)
The fallout: firing family and losing contract (32:47)
First thing to do when partnering with family (36:00)
How to fix unclear succession roles (40:38)
When Jake's strength became his weakness (45:15)
Overcoming micromanagement and trusting the team (55:55)
The relationship-based growth strategy (1:03:58)
How to handle rejection like a pro (1:19:51)
Donāt just leadādesign a role you love (1:27:11)
Key traits for successful partnerships and structured exits (1:34:15)
Episode wrap-up (1:42:55)
Ā
Additional Resources:
- Is Your Construction Business Ready to Scale? Take the free online assessment HEREĀ
- Schedule your free business evaluation call with our team HEREĀ
Ā
Connect with Jake LewendalĀ
- Reach out to Jake by sending your email to jake@momentumdevelopmentmt.com
- Follow or DM Jake on Instagram HERE
- Follow Momentum Development HERE
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