Building Scale
Building Scale
We interview successful Architecture, Engineering, and Construction (AEC) business leaders to learn how they use people, processes, and technology to scale their businesses.
Will ForetJustin Neagle

Hiring strategies, dealing with failure, and lessons from Toyota with Mike Kaeding - Norhart

E82 • Mar 5, 2024 • 62 mins

In this episode, Mike Kaeding, CEO of Norhart, shares his experiences of growing his company, emphasizing the importance of hiring the right people and adjusting roles to employees' strengths. He discusses the implementation of standard operating procedures, strategies for reducing construction costs, and handling scaling production challenges. Additionally, he shares insights on raising capital, managing multiple businesses, and the crucial role of mindset in achieving success.

Key Points

  • Mike Kaeding, CEO of Norhart, aims to cut construction costs by 50% and improve housing affordability through technology and process innovations modeled after manufacturing efficiencies.
  • Norhart's strategy includes hiring top talent, even internationally, to foster a culture of learning, improvement, and problem-solving, which has significantly contributed to their growth and success.
  • They have developed their own internal systems for utilities and services, such as an ISP and sub-metering for gas and water, to enhance the resident experience and reduce costs.

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