How to Survive a Recessions And Why Succession Planning Is Important #37 - Kevin Booth
Update: 2022-10-25
Description
Our guest on this episode is Kevin Booth, the CEO of WestCor Companies. As a company that has survived many obstacles, from rapid growth to recession and back again, Kevin leads his company with a focus on service to customers and employees.
00:00 - Intro
01:51 - What does WestCor do?
- Kevin’s origin story
- Coming from hospitality
- Rapid growth then dealing with the recession
08:12 - Who are the WestCor clients?
- Lessons learned during recession
- Scaling back
19:10 - Bad business decisions - learning from your mistakes
23:42 - How WestCor is organized
- Hiring good people
- Judging the bottom 5%
- Retention - Creating culture
- Connecting field and office employees
31:36 - Getting the construction industry to think on a higher level
- Construction industry is the service industry
- Retaining customers by taking care of customers
- Customers who fit your culture
44:09 - Becoming CEO and succession planning
50:31 - Vision for the future
01:01:50 - Rapid fire
- 1 resource you can’t do without
- 1 podcast or book you love
- Best advice you’ve received
- 1 habit that fills you up
01:07:40 - Outro
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