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May 14, 2023 46 mins

Join us for an inspiring conversation with Rick Holtz, the third-generation owner of H.J. Holtz & Son, and newest coach with the Consulting4Contractors team.  We uncover the secrets of transforming a family business from a $300,000 company to a multi-million-dollar organization employing over 60 people. You won't want to miss this insightful journey as Rick shares his experiences of taking the reins of his family's business and scaling it in just 12 years through embracing challenges and opportunities.

Throughout our discussion, we dive into what it takes to be a successful owner and leader, including the essential aspects of delegation, trusting others, and fostering a strong company culture. Rick provides valuable insights into "The Holtz Way," the core values that have driven H.J. Holtz & Son's success, emphasizing teamwork, customer care, and the importance of trust in building a thriving business. By understanding and embracing these principles, Rick has been able to elevate his family business to new heights.

Get ready to absorb invaluable advice for growing contractors as we explore the importance of mentorship, reflection, and self-confidence. Learn how to find the right people to collaborate with, invest in their capabilities, and trust in their potential. Hear about Rick's experience with delegation, embracing challenges, and his vision for the future of his company. This episode is packed with knowledge and inspiration you won't want to miss!

About Rick Holtz:
Having joined his father and grandfather’s business in 1994, Rick has been vital in the growth and modernization of H.J. Holtz & Son, Inc. Now President, he has been instrumental in initiating relationships with contractors not only in the Richmond area, but in Charlottesville, Fredericksburg, Williamsburg, and Tappahannock, VA to name a few. He has also added technology to the business and is making the most of modern amenities such as specialized computer software, digital photography, and paint removal equipment. Rick has maintained and built on the strong work ethic and professionalism set forth by his father and grandfather. He is respected for his determination and integrity in his business and with his family.

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Credits: 

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Episode Highlights:
* Taking Over a Family Business | 0:14:19 - 0:15:28 (69 Seconds)

Rick:
And I feel like that was a real key to me And one of the biggest things people will say oh, you're a third generation business. Having your dad build a business and you come in is easy. That's not easy. Building a business from scratch is not easy. And I have the utmost respect for people like that. But coming into a business that has someone else's personality and someone else's name on it, that has its own challenges as well.

* Learning to Be an Owner | 0:20:29 - 0:21:44 (76 Seconds)

Rick:
But I think the first major thing he really did is taught me what it meant to be an owner. Bill at first was like, "Do you go to the paint store?" And I was like, "

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