Introduction
Eric Wolf, CEO of Excel Construction, shared his entrepreneurial journey on Locality’s Making Bank Podcast. From taking over his family’s business at the age of 27 to growing it by 400%, Eric’s story is filled with lessons for anyone looking to scale their business. Below, we highlight the top takeaways from Eric’s journey.
5 Key Takeaways from Eric Wolf’s Journey
- Do What You Say You’ll Do
- “Just doing what you say you’re going to do will get you a long, long way in life.”
- Takeaway: Eric’s success is deeply rooted in the principle of follow-through. Whether dealing with clients, employees, or partners, keeping your word builds trust and credibility.
- Surround Yourself with the Right People
- “I don’t want to be the smartest person at the table; I’m at the wrong table (if I am).”
- Takeaway: Eric believes in surrounding yourself with individuals who challenge you and bring new perspectives. This approach has been crucial in scaling Excel Construction.
- Embrace Technology for Growth
- “I’ve really leaned into technology. We were probably one of the first ones on Procore, which is a huge construction software, and it was a big investment, and I had to convince them, look, we need to spend this money or we can’t grow.”
- Takeaway: Eric recognized early on that adopting new technologies was essential for scaling his operations and improving efficiency. Investing in the right tools can be a game-changer for growing businesses.
- Value Your Time – And Others’
- “Today, I realize that my most precious resource is my time.”
- Takeaway: Balancing personal and professional life is critical. Eric emphasizes the importance of valuing your time and being strategic about how you allocate it, both in business and life.
- Build a Strong Foundation Before Expanding
- “I think of it like a tree. If the trunk’s not strong, the branches are going to start breaking and bending over. So, I’m focused on making our trunk strong and growing organically and taking on projects that we can handle before taking on something that we can’t.”
- Takeaway: Eric focuses on establishing strong procedures and operations before pursuing growth. By ensuring that the core of the business is solid, Excel Construction can handle expansion without compromising on quality or stability.
Conclusion
Eric Wolf’s entrepreneurial journey offers valuable lessons for anyone looking to grow their business. From the importance of integrity and follow-through to the strategic adoption of technology, Eric’s insights can help guide entrepreneurs at every stage. Be sure to listen to the full podcast episode above to dive deeper into his story and learn more about how he turned Excel Construction into a thriving business.
About Excel Construction: Our mission is to operate and serve our community with character and purpose. Committed to ongoing development and improvement of Florida’s landscape by delivering high-quality industrial and commercial services. Excel provides innovative Design, Project Management, and leaves a lasting impression on their clients by the way it operates with foresight and integrity.
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