Just for clarification; yesterday's post was a quote that we received from our contractor. We have been around the horn enough times with him to know that what he is showing is a a complete picture -even though it may not seem like such to some experienced builders.
We also know that "stuff happens," so the real trick is to keep budget creep from taking place and driving up expenses while driving down profits. Thus the fee we are paying to a local Construction Management company. We shall see, because it is our first rodeo with the CM company, but it may be that their fee is the best 3K we ever spent.
Again, we urge you to think of your business like McDonalds in the pre-franchise days. Your goal should be to create systems that can be replicated and implemented without your presence. You may want to consider building an asset with your business in and of itself. This and rote systemization could end up being one of the harder design problems you might face with this industry (or any business), but it will be worth it.
Full disclosure: We aren't there, just yet.
But we are working on it.
Have a great week!
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