EP42: Business Runs in the Family -- Rick Holtz of HJ Holtz & Sons | DYB Coach

EP42: Business Runs in the Family — Rick Holtz of HJ Holtz & Sons

Networking, Marketing, Sales, Business Coach, Painting Contractor

EP42: Business Runs in the Family — Rick Holtz of HJ Holtz & Sons

SUMMARY:

In this episode of DYB, Steve shares the mic with Rick Holtz; Owner & Operator of HJ Holtz & Sons in Richmond, Virginia.

As a multi-generational family business, HJ Holtz & Sons started in the early 1900’s by Rick’s grandfather.

As Rick grew up, he eventually inherited the business and ran with it.

As HJ Holtz & Sons grew, however, there were multiple snags Rick ran into.

Enjoy this episode as both dissect ways to prevent others from tripping up while transitioning from small family business to a large business.

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WHAT YOU’LL LEARN:

-How to start thinking bigger about your company

-How to keep a grip on your business as it continues to grow

-How to take the first steps toward finding reliable people to run your business for you.

-How Rick executed the transition from Family Business to “Real” Business

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LISTEN HERE:

QUOTES:

“2008 was when I decided I needed help. I needed somebody to be objective, to hold me accountable…somebody who wasn’t emotionally tied to this family business.”

“Something I didn’t realize was that this company was my dad’s model. I was trying to run a very large company as if it was a small company.”

“Being more deliberate with different parts of the company…finding people who could be owners of those parts of the company was a huge shift.”

“Once you get to a certain level, you can’t survive and lead a healthy lifestyle without learning how to rely on other people.”

“I’m a big proponent of hiring within. If you have a structure to progress people into higher leadership positions, then I think that’s a great thing.”

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HIGHLIGHTS:

[1:40] How was HJ Holtz & Sons started?

[9:40] At what point did the business expand once Rick increased his involvement?

[17:21] How has Rick’s culture shifted from 2008 to now?

[22:10] What KPIs are Rick measuring internally?

[25:38] What type of work does HJ Holtz & Sons take on?

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LINKS & RESOURCES MENTIONED IN THIS EPISODE:

Join DYB

The E Myth Revisited — Michael Gerber

Built to Last — Jim Collins

Ownership Thinking — Brad Hams

Quickbooks Online

TSheets

Group.me

ADDITIONAL FREE RESOURCES:

Schedule Your Free Strategy Call With Steve

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Connect with Rick Holtz on Facebook here

Connect with Steve on Facebook here

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Thank you very much for joining us today! If you received value, would you take a quick few seconds and leave us a review on iTunes, please?

About the Author

As a newly single father of two from MI, he struggled to start over as a paint contractor in FL, going door to door. His situation was so bad, even the IRS had mercy on him. Thanks to books, and seminars, and winning the wife lottery, he not only cracks the success code and overcomes the struggle, but also streamlines the business in less than 3 years, published a how to book, then sold the company,  and now coaches other businesses like you to do the same.