Summary
In today’s episode, we had the privilege of hosting Mike Kaeding, CEO of Norhart, who shared his transformative approach to disrupting the construction space. Mike’s company is driving a 20-30% reduction in construction costs with a vision to achieve 50% reduction.
By integrating all trades under one roof and implementing revolutionary techniques like the assembly line, they’re building affordable housing at scale. More than just tech, Mike’s insights on recruiting rockstar employees and building a values-aligned culture are invaluable.
Takeaways
- Construction costs can be substantially reduced, leading to affordable housing for all.
- Bringing all the work under one roof and applying revolutionary techniques improves efficiency and reduces project timelines.
- Coordination and collaboration between trades are crucial to avoid delays and maximize productivity.
- Recruiting top talent and building a strong culture are essential for long-term success.
Chapters
00:34 Reducing Construction Costs
01:15 Bringing Work Under One Roof
03:03 Coordination and Efficiency
04:42 Benefits of Controlling the Process
05:17 Collaboration and Recruitment
06:27 Building a System
07:52 Overcoming Challenges
08:17 Transition to Vertical Integration
09:17 Learning and Improvement
10:03 Short-Term Pain for Long-Term Gain
11:14 Making a Meaningful Impact
12:45 Learning from Other Industries
15:39 Recruiting Top Talent
Connect With Mike
Website: https://www.norhart.com
LinkedIn: https://www.linkedin.com/in/mikekaeding
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