Big Values and Ideas:

• All Companies Are Costumer Service Companies
• Skin in the game aligns everyone
• Administrative help allows producers to produce,
• Invest in People. Knowledge is our power. How to always keep up to date on changing best processes.
• The biggest keys to success are:
  • Culture of excellence, openness, and growth (Has to be a great place to work too)
  • Systems that both operate effectively and are constantly optimized (by all individuals, not one person)
  • People who strive to do good work and a company that provides the correct incentives for them to do the best they can.

Compensation/income distribution

1. Founding partners have equity
   1. Shared equally?
      1. Chad and GB have X%
      2. Remaining Founders have X%?
2. How much cash on hand is needed at any given time for GC Company?
   • Expenses before first pay apps?
     1. Run Estimate: add items from there.
     2. Trailer?
        1. Can work out of Truck until paid
     3. Drawings: $500
     4. Software Programs
        1. Quickenloans
        2. Procore?
     5. Dumpsters
     6. Porta-johns
     7. Safety Material
     • Rainy day account needed?
3. How much is held to reinvest in the company/people
4. What is monthly overhead burn rate?
5. The rest is paid out as profit per equity stake/percentage.

<aside> 💡

Long Term: Skin in the game for all future employees (long term)

1. how to align incentives between employees and the company to resolve the agency problem: https://www.investopedia.com/terms/a/agencyproblem.asp#:~:text=Key Takeaways-,An agency problem is a conflict of interest inherent in,best interest of a principal. </aside>

Tiered Strategy (If needed)

• Consulting
  • Zero Overhead
  • Quick Cash Flow
  • Not the ideal long term plan
• GC/Design Build
  • The main goal of this
  • Takes a little more overhead
  • BD is key: just need one
• Development (Long Term)
  • Is this something we’d want to do?
  • Lot’s of capital would be required (equity partners needed)
  • More Risk with higher upside.
  • Potentially some projects here and there when the business can sustain risk and can take on a homerun
  • Barbell strategy: https://www.investopedia.com/articles/investing/013114/barbell-investment-strategy.asp
• Owning Property?
  • How to secure an income so that cash is coming in even in the worst of times?
  • Bonds?
  • Safety Net?

Processes Needed - Project Checklists

• Design
  • Civil Standards/Parameters
    • Optimize site!
    • Runoff reduction - How to avoid
    • Insite
      • How to avoid rock on site
      • How to avoid walls
  • Understanding Structural design criteria to meet
  • Arch Standards/Parameters to design to
    • Study and set parameters to every scope