Protecting What You Build with Eric Daffern

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著作 Benali, Khalil Benalioulhaj, and Martin Holland の情報はPlayer FM及びコミュニティによって発見されました。著作権は出版社によって所持されます。そして、番組のオーディオは、その出版社のサーバから直接にストリーミングされます。Player FMで購読ボタンをタップし、更新できて、または他のポッドキャストアプリにフィードのURLを貼り付けます。
  • Who is Eric Daffern? Why did he go into law? (1:50)
  • There are two main risks in real estate and contracting: the risk of getting sued, and the risk of not getting paid. (5:30)
  • Story of the Show — The perfect construction contract and project suddenly went wrong because of the pandemic. (12:20)
  • Why are systems so essential for contractors? (14:15)
  • Why don’t more contractors have relationships with an attorney? (17:20)
  • 99% of the time, everything’s gonna work out. How do you protect against that 1% where the bottom falls out? (20:27)
  • What’s the most important tool you can use to make sure you get paid and stay out of court? (22:00)
  • What’s a contract system? (22:40)
  • What’s a contract addendum, and how does it give subcontractors power in a negotiation? (24:40)
  • How do large GCs react to subs trying to negotiate? Do subcontractors even stand a chance against them? (27:30)
  • Do you need to pay an attorney to review every contract? (30:20)
  • What are some other systems contractors need? (33:15)
  • Can you still do work on a handshake? (35:50)
  • Systems add value ($$$) to your business. (40:00)
  • Mechanic lien systems — Don’t ignore your superpower! (40:45)
  • Why do you need HR systems? (46:30)
  • Your team can work closely together to make sure that your business is protected. (48:10)
  • How can early incident management systems protect you and your employees? (49:10)
  • How can you be a good consumer and choose the right attorney? (55:00)
  • Mount Rushmore — Lawyer Jokes edition (59:40) Listen to see which joke was Eric’s favorite!
  • Quote of the day — “Knowledge is power.” (1:02:40)
  • Something you can actually go do (1:06:10)
  • Closing the story — Remember that this was the PERFECT job. Everything went right, until the last payment. Luckily, we had already worked with the client to create a mechanic lien system. Unfortunately, we had to file a mechanic lien, but my client was able to get paid and still maintain a good relationship with his client. (1:09:50)
  • Intern Insights with Ethan — Can Ethan sum up in 60 seconds or less what it took the other guys over an hour to explain? (1:13:14)

Quotable Moments

  • “The earlier you find a problem, the cheaper the resolution is.” — M
  • “If you will focus on a team around you and invest in your team, then you can have that team help you make money as well. There’s no difference between having a screwdriver, a hammer, or whatever in your craft, and having a lawyer, an accountant, and a banker on the business side of it.” — Eric
  • “The number one reason people leave an employment position is unclear expectations ... Systems define the expectations against which people are measured so you can go and do those things.” — M
  • “You’re not going to be the expert in everything. You have to hire and trust other people. It’s going to make you better.” — K
  • “You have the choice of doing nothing or the choice of doing something.” — Eric

Mount Rushmore

  • Listen to our best lawyer jokes at 59:40!

Resources

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