Compete On Value, Not Price

In this episode of The Friday Habit, host Mark Labriola II interviews Chad Prinkey, founder and CEO of Well Built Construction Consulting. They discuss Chad's journey from a successful corporate career to entrepreneurship, the challenges of building a scalable business, and the importance of leadership and culture in driving growth. Chad shares insights on competing on value rather than price, the mindset shifts necessary for long-term success, and key systems that can help construction businesses thrive. The conversation concludes with actionable takeaways for listeners looking to improve their own businesses.

🧠 Takeaways:

Chad Prinkey emphasizes the importance of building a strong company culture.
Growth can expose underlying issues in a business.
Leadership development is crucial for scaling a company.
Competing on value rather than price is essential for profitability.
Business owners should prioritize investing in their own companies.
Mindset shifts are necessary for long-term success.
Creating a three-year organizational chart can guide business growth.
Understanding financial health is critical before strategic planning.
Building a team of leaders at all levels is vital for success.
Continuous improvement and reinvestment in the business are key to sustainability.

Resources & Links:
Connect with Chad!
Website: www.wellbuiltconsulting.com
Download the free Friday Habit Guide: https://thefridayhabit.com

00:37 Welcome To The Friday Habit
01:24 Meet Chad Prinkey
03:03 Delicious Crabs
06:28 Chad's Background
08:13 Company Growth 
09:59 Leaving Something Good For Something Better
14:46 The Difficulties Of Leaving Something Good 
16:13 How Chad Helped A Company Grow From 300 to 3,000 Employees
18:31 Building Leaders That Scale 
24:49 Advice For Leaders Playing The Long Game
29:47 When Should You Bring New Leaders?
32:46 Chad's Book WellBuilt
40:06 Take Action
42:13 Outro