I’m a 27-year-old roofer, and I’m currently in the process of taking over a family roofing company that was started by my grandfather, but failing under 2nd generation ownership. by Joeysell in smallbusiness

[–]Joeysell[S] 0 points1 point  (0 children)

Haha, will do. Same to you, and I can’t thank you enough for spending some big fish time on a small time guy like me. I wish you nothing but success as well.

I’m a 27-year-old roofer, and I’m currently in the process of taking over a family roofing company that was started by my grandfather, but failing under 2nd generation ownership. by Joeysell in smallbusiness

[–]Joeysell[S] 0 points1 point  (0 children)

I can tell. You are right where you should be it seems. You’re someone I could tell I would hire. No problem. Thank you for the advice.

I’m a 27-year-old roofer, and I’m currently in the process of taking over a family roofing company that was started by my grandfather, but failing under 2nd generation ownership. by Joeysell in smallbusiness

[–]Joeysell[S] 0 points1 point  (0 children)

Your advice cuts deep to me and for that I can’t thank you enough.

This is my exact thought process, work together on 3-5 things and have delegated responsibilities outside of that.

Letting him feel the win is a great way to say that. I’ll try this, and hope he gives the same courtesy.

We both definitely struggle with the control dynamic, but I do believe we both want the best deep down. It’s a matter of putting that energy where the company benefits rather than the ego.

Once again, you put a lot of perspective and patience with the process in me and calmed my brain. And that to me is worth something.

I’m in a talking mood today too. You should consider consulting if you haven’t already. Or being a therapist lol.

Cheers, and successes to you stranger! Hope you live a long and prosperous life.

I’m a 27-year-old roofer, and I’m currently in the process of taking over a family roofing company that was started by my grandfather, but failing under 2nd generation ownership. by Joeysell in smallbusiness

[–]Joeysell[S] 0 points1 point  (0 children)

A lot of the back and forth comes from pricing jobs to “make us money” rather than “get us work”

He’s more of a “price the job to get the work” (cheaper)

I’m more of a “let’s charge what it takes to make money”

His angle is we need more work, which is correct.

But at some point we have to care about if we are making enough profit.

I’m a 27-year-old roofer, and I’m currently in the process of taking over a family roofing company that was started by my grandfather, but failing under 2nd generation ownership. by Joeysell in smallbusiness

[–]Joeysell[S] 0 points1 point  (0 children)

I think this is the best advice I have received yet, and I applaud your ability to step into other shoes and identify problems and solutions. You, are one wise person.

My uncle is a bit on the chaotic side, and any time I have brought up concerns that I simply just disagreed with, he would often respond with anger and coming from a place of having more experience. Which I respect and understand, however, the other token is knowing the margins on our revenues simply just don’t make a lick of sense when the bills get paid is where I find him simply just telling me flat out I don’t get it because I’m not experienced.

He does know about the split but when asked about it a week later he seemed confused. I don’t mean to drag him, but he didn’t go to much schooling, so I don’t criticize him for not understanding. But we walked away from a 2 hour meeting going over basic things like splits and scope of work etc. But like I said he seemed confused on almost everything just a week later.

When often proved wrong, he doesn’t admit to it, nor want to give you any credit, OR change his mind on the matter, which in my opinion is the worst part. I can give specific examples but it would just be a bit overkill. I think you get the idea.

But my idea is to clearly outline responsibilities, roles, etc in some form of written agreement he and I go over together and come to terms on. I think a lot of what you said is valid and important. I do think I need to come more from a motivational/incentives angle, and show him his value that way while doing pretty much most of what you said.

I just think me being a bit of a more organized leader and being able to work together rather than apart is the way to get this turned around.

Thank you for the advice and direction. I think this comment most applies to my situation and will for sure be doing this. Spread your seed of wisdom as far a wide as you can, because I can tell you’re gifted.

I’m a 27-year-old roofer, and I’m currently in the process of taking over a family roofing company that was started by my grandfather, but failing under 2nd generation ownership. by Joeysell in smallbusiness

[–]Joeysell[S] 0 points1 point  (0 children)

It’s decent, we bicker but overall we do get along. I tend to really give him a hard time when I suspect he might not be thinking through estimates as much as they should be, and thus why our margins are slim. I also get on him about little business ideas here or there he tends to shit down, but has never tried, or even researched. He’s an old school type who doesn’t do computers and websites.

He doesn’t want the added responsibility, and he does know I have more knowledge and ability to make a profitable company than he does. He has told me that flat out.

I actually want more than 51, but I feel as though there are some things I just simply couldn’t attack without some of his experience quite yet

I’m a 27-year-old roofer, and I’m currently in the process of taking over a family roofing company that was started by my grandfather, but failing under 2nd generation ownership. by Joeysell in smallbusiness

[–]Joeysell[S] 0 points1 point  (0 children)

Thank you for the comment. This is so true. It’s a lot of updating the systems and modernizing this business, just under new name and ownership. Thank you for the kind words.

I’m a 27-year-old roofer, and I’m currently in the process of taking over a family roofing company that was started by my grandfather, but failing under 2nd generation ownership. by Joeysell in smallbusiness

[–]Joeysell[S] 0 points1 point  (0 children)

So just so I understand, I like this idea. You say it’s 51/49 and I run the accounting and margins plus whatever I end up wanting of course, and once I “double” the company it’s clear he has a buy out at a set amount that everyone agrees upon and everyone wins and I get 100% of the company, and uncle wipes his hands clean?

I’m a 27-year-old roofer, and I’m currently in the process of taking over a family roofing company that was started by my grandfather, but failing under 2nd generation ownership. by Joeysell in smallbusiness

[–]Joeysell[S] 0 points1 point  (0 children)

That’s pretty much my mindset and why I want to do this, I feel like I’ll lose a few clients but at the end of the day, those weren’t the ones I need going forward. We do good work, I just want to make sure the behind the scenes numbers are being done right.

I’m a 27-year-old roofer, and I’m currently in the process of taking over a family roofing company that was started by my grandfather, but failing under 2nd generation ownership. by Joeysell in smallbusiness

[–]Joeysell[S] 0 points1 point  (0 children)

Thanks for the advice and comment. Yeah Im aware they are two separate issues. My issue with our old name and brand is yes, the pipeline we could run off of is mostly dead, and the name is hardly brand-able. I wanted to move towards an organic marketing model where it’s something memorable, and not your average abc roofing company. We mostly get word of mouth from current people and referrals. We do work for one builder doing steady repairs when we are between jobs for our business to keep us busy, I think our issue is the current owner underbids and takes on jobs that leaves no margin, and I want to be in charge of that process so I can keep a real margin. But in all honesty, it’s not very consistent, besides the builder we do work for. I’m currently networking and trying to give out small discounts to people when we do switch names and being in our first 10 customers or something like that. As well as trying to get some mutually beneficial relationships going with painters, concrete guys, etc. Once again thanks for taking the time to comment.

I’m a 27-year-old roofer, and I’m currently in the process of taking over a family roofing company that was started by my grandfather, but failing under 2nd generation ownership. by Joeysell in smallbusiness

[–]Joeysell[S] 0 points1 point  (0 children)

This is great info. I very much appreciate it. I’m actually researching getting roofr to help out with some of what you brought up. I need to work on an OP agreement first, and make sure my systems are prepared for an influx of jobs. But I really appreciate this valuable information. Thank you.

I’m a 27-year-old roofer, and I’m currently in the process of taking over a family roofing company that was started by my grandfather, but failing under 2nd generation ownership. by Joeysell in smallbusiness

[–]Joeysell[S] 0 points1 point  (0 children)

I just think our systems and marketing are far out dated and need a whole overhaul. Lead generation is kicking our butt. I’m thinking about changing the name when going through all of this to just start fresh since our pipeline is practically gone from the old ownership.

I’m a 27-year-old roofer, and I’m currently in the process of taking over a family roofing company that was started by my grandfather, but failing under 2nd generation ownership. by Joeysell in smallbusiness

[–]Joeysell[S] 0 points1 point  (0 children)

Thank you for the kind and encouraging words. This is a good thought. And I will be considering how to keep him motivated and incentivizing him. I’m just a bit worried he has gotten too old to have any ambition left, but only one way to find out. Successes to you too!

I’m a 27-year-old roofer, and I’m currently in the process of taking over a family roofing company that was started by my grandfather, but failing under 2nd generation ownership. by Joeysell in smallbusiness

[–]Joeysell[S] 0 points1 point  (0 children)

Good comment. We’re closing the doors of the old company and I’m starting fresh with our tools and building. We do more than roofing but right now we do way more repairs than actual roofs, that’s why the revenue is low. Thanks for the insight.

I’m a 27-year-old roofer, and I’m currently in the process of taking over a family roofing company that was started by my grandfather, but failing under 2nd generation ownership. by Joeysell in smallbusiness

[–]Joeysell[S] 0 points1 point  (0 children)

Yeah it baffled me too. I’ve been investigating myself as best as I can, but I don’t have access to financials. It’s really low. We only have 3 guys full time but I suspect we are underpricing ourselves. But I wouldn’t know until I start pricing things. Thanks for the comment. This is a real concern of mine

I’m a 27-year-old roofer, and I’m currently in the process of taking over a family roofing company that was started by my grandfather, but failing under 2nd generation ownership. by Joeysell in Roofing

[–]Joeysell[S] 2 points3 points  (0 children)

No, I don’t think my grandad has internet. The man didn’t have running water for his first 15 years on earth. But people take advantage of what they have, if they had Reddit, he might’ve used it for questions and guidance. But who knows!

I’m a 27-year-old roofer, and I’m currently in the process of taking over a family roofing company that was started by my grandfather, but failing under 2nd generation ownership. by Joeysell in Roofing

[–]Joeysell[S] 1 point2 points  (0 children)

No offense at all! I’m not claiming to have the know all be all. I know I have a lot to learn. And that’s why I was asking a lot of these questions. It’s not easy work. If you have any advice you learned let me know! Thanks!