b'This week, in episode 166, Mel Gravely\\u2014the newest addition to our podcast team\\u2014tells Shawn Busse and William Vanderbloemen how he bought a Cincinnati construction business in 2005 even though the company wasn\\u2019t doing well, even though he knew nothing about construction, and even though the company had been shopped to everyone who did know construction. As you\\u2019ve probably guessed, things worked out just fine for Mel, who is now focused on putting a plan in place that\\u2019s designed to keep Triversity Construction in business for 100 years. That goal, Mel explains, can mean taking some counterintuitive steps, including not always maximizing profit and not planning to stay in the CEO job as long as he might have preferred. Plus: we learn why the construction industry is unlikely to be an early adopter when it comes to AI. And William tells us how he did this year on his mission to make himself less essential to his own business.
SHOW NOTES:
Here\\u2019s the podcast where William first introduced us to his concept of a \\u201cvomit list.\\u201d Here\\u2019s a profile Bo Burlingham wrote about Dave Whorton, the founder of the Tugboat Institute.Here are the principles behind Tugboat and the evergreen philosophy of business building.'