Hello Fellow NACCE Members! This week marks the first month of our Entrepreneurial Realities Workshop sponsored by The Coleman Foundation and Parkside Federal Credit Union.
We marketed this workshop specifically to business owners in the construction and building trades industry. We had room for approximately 12-15 participants and began the first session with 9 entrepreneurs. The group contains 3 construction companies:
- Kramer Enterprises
- Kingston Builders
- UG Building 1 Excavation
Additionally, there is a landscaping/snow removal firm, Timberlake Land Works with the remaining members making up construction-related enterprises, including realtors and suppliers.
Using a roundtable/panel of experts format, the first session was devoted to a general discussion of strategy, specifically separating the theory from the reality. Patti Gregerson, Executive Director of The Flathead Homebuilders Association and Christopher Hanchett facilitated the sessions. Everyone shared their experiences throughout the tremendously prosperous years leading up to 2008 and the subsequent decline in the home building market.
The feedback we received was outstanding. Participants truly enjoyed the causal, non-traditional classroom environment and felt very fortunate to learn how other companies were dealing with a decline in business. Also, they felt very secure sharing some of the difficulties they have experienced since the economic slowdown, including, the difficult process of laying-off employees (& friends), scrambling to find work, being forced to change the role they play within their company. Several owners talked about the difficult transition from running a business to working within a business.
Stay tuned for future updates!
Flathead Valley Community College