Dan is the 2024 Indiana PHCC Leadership Summit Workshop Leader
What do you see as the 2 biggest obstacles P-H-C Contractors are facing over the next 5 years?
Dan: I think we’re going to see a bit of an evolution as Private Equity continues to take a prominent place in the market. I don’t believe the independent contractor is going away. But the way they each show up in the market will shift. There will be an increased migration of leadership to and from those PE groups. The deck will continue to be shuffled. The obstacle is the opportunity – be ready to recruit leaders. That’s number one. Number two, I’d say the next five years will be pretty good for business, but all indicators seem to say that the 2030’s will bring a decline. I’d be hoarding cash and resources for the next five years. Build your leadership team, and put away some resources.
You have been working with contractors across North America. You have seen best practices. I know this is not a fair question to ask, because you cannot solely concentrate on one thing, but if you were to select just one best practice for a contractor to focus on, what would that be?
Dan: No hesitation – People development. Invest in career path development. Technical skills. Interpersonal skills. Leadership development. This industry is high-touch; people interacting closely with people at every level. Internally, within the structure of the company. Externally, with clients and vendors. The quickest path to sustainable growth is the human beings. Get thoughtful, intentional, and persistent with your investment into your people.
Leadership continues to be a topic of conversation throughout Indiana PHCC members. What are specific traits in employees that should be observed when making some critical decisions about who can help lead a business?
Dan: There are three behaviors I seek out that I consider at the top of the list. These are Guiding Principles for me. They get measured weekly, talked about daily, and acknowledged whenever we see them exhibited.
We know that recruiting new plumbers and HVAC technicians has been a difficult task. How can we, as an industry, get more individuals interested in joining the industry?
Dan: Get involved in High Schools. Find and support your local college ‘entry to trades’ programs. Host career days at your shop. Get organized around making the trades a first-choice career path. Visit Explore The Trades for help with this. I like to hire summer help. There are often grants available for this kind of thing. The future of our business belongs to those companies who provide the best career path to the young people.