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The Cash Flow Contractor
Benali
281 episodes
3 days ago
If you’re like most contractors we know, then you started your business because you’re passionate about and great at your craft. You also wanted to be your own boss. Owning a business has a lot of advantages, but also a lot of challenges. We started this podcast to talk about things that matter to you as an owner, like business fundamentals, sales processes, marketing, leadership, and much more. Armed with knowledge, you’ll be able to reach your goals, whether that’s growth, getting your shop to run without you, or anything in between.
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Management
Business
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All content for The Cash Flow Contractor is the property of Benali and is served directly from their servers with no modification, redirects, or rehosting. The podcast is not affiliated with or endorsed by Podjoint in any way.
If you’re like most contractors we know, then you started your business because you’re passionate about and great at your craft. You also wanted to be your own boss. Owning a business has a lot of advantages, but also a lot of challenges. We started this podcast to talk about things that matter to you as an owner, like business fundamentals, sales processes, marketing, leadership, and much more. Armed with knowledge, you’ll be able to reach your goals, whether that’s growth, getting your shop to run without you, or anything in between.
Show more...
Management
Business
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276 - The #1 Mistake Contractors Make When Hiring (and How to Build a Team That Stays) with Ryan Englin
The Cash Flow Contractor
53 minutes 56 seconds
1 month ago
276 - The #1 Mistake Contractors Make When Hiring (and How to Build a Team That Stays) with Ryan Englin

Discover why your hiring struggles might be a marketing problem, not an HR issue. Ryan Englin of Core Matters shares how treating recruitment as a marketing activity transforms your ability to attract and retain quality talent. Learn practical strategies to build a team that stays without constantly fighting the revolving door of employees that plagues many contractors.


What You’ll Learn

  • Why recruitment is a marketing activity, not an HR function
  • How to build a "bench" of quality candidates before you need them
  • The true cost of a bad hire beyond just wages
  • Why measuring behaviors instead of just hours leads to better team performance
  • How to create systems that deliver on the promises you make to potential employees



Time Stamps

  • 01:00 - Episode & Guest Intro
  • 02:26 - Core Matters: Marketing for Recruitment
  • 04:20 - Building a Recruitment Funnel
  • 06:59 - Retention and Training Challenges
  • 11:27 - Creating a Positive Work Environment
  • 14:24 - The Importance of Growth and Reputation
  • 24:27 - Measuring Behaviors, Not Hours
  • 26:59 - Defining and Tracking Core Behaviors
  • 28:04 - Behavioral Core Values
  • 28:43 - Tracking Punctuality and Learning
  • 30:55 - One-on-One Meetings and AI Assistance
  • 33:10 - Immediate Feedback and Tough Conversations
  • 38:23 - The Cost of a Bad Hire
  • 42:08 - Profit Per Employee
  • 43:33 - Owner's Role and Return on Investment
  • 45:34 - Communicating Profitability to Employees
  • 47:49 - Using Analogies for Better Understanding
  • 49:32 - Establishing Daily or Weekly Huddles



Snippets from the Episode

  • "Recruiting is not an HR activity. When you're looking to recruit people, you need to think of it as a marketing activity. It's putting your opportunity to work in front of the right people when they're ready to make a decision about who they want to work for."— Ryan Englin, Core Matters
  • "Construction has five times the national average suicide rate. Why? Because they get beat up at home. They get beat up on the job site. Nobody values them. Nobody appreciates them. They have no one to turn to."— Ryan Englin, Core Matters
  • "We do not have a labor shortage in the trades. What we have is a retention problem and a lack of training problem."— Ryan Englin, Core Matters
  • "Why is it we always have time to do it over, but we never have the time to do it right?"— Ryan Englin, Core Matters
  • "People should never be surprised at what you think of their performance. Ever."— Ryan Englin, Core Matters


Key Takeaways

  1. Treat recruiting as marketing, not HR
  2. Build an email list of prospective candidates
  3. Focus on retention before recruitment
  4. Create systems that deliver on your employment promises
  5. Measure and reinforce key behaviors, not just hours worked
  6. Provide immediate feedback instead of waiting for reviews
  7. Establish daily or weekly team huddles

Resources

  • 24 Things Construction Business Owners Need to Successfully Hire & Train an Executive Assistant
  • Schedule a 15-Minute Roadblock Call
  • Check out OpenPhone
  • Build a Business that Runs without you. Explore our GrowthKits 
  • Need Marketing Help? We Recommend Benali
    • Need Help with podcast production? We recommend Demandcast


    More from Ryan Englin

    • Core Matters website
    • Titans of the Trades podcast
    • Ryan Englin on LinkedIn

    More from Martin Holland

    • theprofitproblem.com
    • annealbc.com   
    • Email Martin
    • Meet With Martin
    • LinkedIn
    • Facebook
    • Instagram

    More from Khalil

    • benali.com 
    • Email Khalil
    • Meet With Khalil
    • LinkedIn
    • Facebook
    • Instagram

    More from The Cash Flow Contractor

    • Subscribe to our YouTube channel
    • Subscribe to our Newsletter
    • Follow On Social: LinkedIn, Facebook, Instagram, X(formerly Twitter)
    • Visit our website
    • Email The Cashflow Contractor

    Connect With Us

    Subscribe to The Cashflow Contractor podcast for more insights on building a profitable contractor business. Leave a review if this episode helped you rethink your hiring approach. Visit cashflowcontractor.com for more resources and past episodes.

  • The Cash Flow Contractor
    If you’re like most contractors we know, then you started your business because you’re passionate about and great at your craft. You also wanted to be your own boss. Owning a business has a lot of advantages, but also a lot of challenges. We started this podcast to talk about things that matter to you as an owner, like business fundamentals, sales processes, marketing, leadership, and much more. Armed with knowledge, you’ll be able to reach your goals, whether that’s growth, getting your shop to run without you, or anything in between.