Randy Strebig is the Founder and Owner of Strebig Construction, a construction firm in Fort Wayne, Indiana. When Randy founded the company in 1980, he focused the firm’s efforts on residential modeling, roofing, and concrete flatwork. Over the last 40 years, Strebig Construction has been expanding and evolving into a dominant force in commercial, industrial, and design/build projects. Randy and the Strebig Construction team are dedicated to taking a customer’s dream from idea to reality using creative imagination and value-based packages that deliver results.
Randy joins us today to discuss the foundations that make a successful construction company. He shares how his childhood shaped his work ethic and creativity and discusses the importance of trade schools. He explains how Covid-19 impacted Strebig Construction and outlines how he avoided laying off his team amid the pandemic. He also highlights the value of employing business advisors and consultants and underscores why business owners need to keep an eye on market trends.
“Serve with your heart and exceed peoples’ expectations.” – Randy Strebig
This week on The Owner’s Corner:
- Randy’s background and how he gravitated to the construction industry
- How Randy’s family life as a child inspired his creativity and work ethic
- Learning the construction trade from vocational school and the first jobs Randy got
- The importance of vetting clients and ensuring they fit your business model
- The biggest challenges Randy has faced as a business owner so far
- The value of watching market trends and how Randy overcame his first economic downturn
- How the Covid-19 pandemic impacted Strebig Construction
- Randy’s advice on succession planning and exit strategies
- The importance of having advisors and consultants for your business
- The value of technical education and programs
- Why traditional college education and trade education can go hand-in-hand
Our Favorite Quotes:
- “Many get into business because they had a passion that led them to that business. They weren’t doing it to taste money, but because they loved it.” – Seth Whicker
- “Business owners’ time and energy get so wrapped around in their business that their personal lives get neglected, but business and personal life are not independent of each other.” – Seth Whicker
- “In the face of adversity, keep making decisions. Don’t wait and stall for something to take effect—you need to be the effector every day.” – Randy Strebig
Connect with Randy Strebig:
About SYM Financial and The Owner’s Corner Podcast
The Owner’s Corner is a show for business owners. In each episode, host and financial planner Seth Whicker sits down with business owners and the professionals that serve them to talk about what it takes to build a business. Our guests come from many industries and walks of life to share their biggest wins, mistakes made along the way, and their thinking about the all-important exit planning.
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Disclosure: The opinions expressed herein are those of SYM Financial Corporation (“SYM”) and are subject to change without notice. This material is not financial advice or an offer to sell any product. SYM reserves the right to modify its current investment strategies and techniques based on changing market dynamics or client needs. This blog is for informational purposes only and does not constitute investment, legal or tax advice and should not be used as a substitute for the advice of a professional legal or tax advisor. SYM is an independent investment adviser registered under the Investment Advisers Act of 1940, as amended. Registration does not imply a certain level of skill or training. More information about SYM including our investment strategies, fees, and objectives can be found in our ADV Part 2, which is available upon request.