In this episode of The Builders Bible, Andrew Hathaway interviews Corey Caughron, a seasoned entrepreneur in the construction industry. Corey shares his journey from civil engineering to founding multiple construction-related businesses. The conversation delves into the challenges faced in the construction sector, particularly in estimation and skilled labor. Corey discusses the shifting perception of skilled trades versus traditional college education, emphasizing the potential for success in trades. He also provides insights on preparing for business exits and the role of technology, including AI, in the industry. The episode concludes with a personal reflection on growth, therapy, and the importance of mental health.

Takeaways:

• Corey transitioned from civil engineering to construction in 2008.
• He has founded multiple businesses in the construction sector.
• Estimation challenges include accuracy and historical data tracking.
• The perception of skilled trades is shifting positively.
• AI and technology can significantly impact the construction industry.
• Preparing for a business exit requires strategic planning.
• Therapy has been crucial for personal growth and coping with life changes.
• The demand for skilled labor is expected to improve.
• Corey's daughter is pursuing welding, showcasing a shift in career choices.
• Private equity is increasingly interested in skilled trades businesses.

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