DiscoverMillionaire UniversityHow to Run a High-End Luxury Renovation Business (Do this NOW!!) (Part 2/2)
How to Run a High-End Luxury Renovation Business (Do this NOW!!) (Part 2/2)

How to Run a High-End Luxury Renovation Business (Do this NOW!!) (Part 2/2)

Update: 2026-04-06
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#851 Every contractor has a horror story — here's how the best ones make sure it never happens twice! In Part 2 of this two-part episode, Brien and Justin dive deeper into the operational side of running a luxury renovation business. Justin breaks down how Cousins Co. approaches estimating and pricing — from quick bathroom quotes to eight-hour deep dives on complex projects — and why building strong subcontractor relationships is key to keeping costs predictable. He explains how a 5% contingency buffer protects against the unexpected, how the "two-way door vs. one-way door" framework helps his team make smarter decisions on the job, and why clear scope-of-work documentation is essential to maintaining client trust. Justin also shares his margin goals, the importance of never acting as the bank, and why back-end organization can make or break a growing contracting business!




What we discuss with Justin:


+ Estimating and pricing process


+ Subcontractor relationship management


+ 5% contingency buffer strategy


+ The "two-way door vs. one-way door" framework


+ Handling unforeseen project costs


+ Scope of work and change orders


+ Margin goals (targeting 35%)


+ Time estimation and project timelines


+ Never acting as the bank


+ Back-end organization and scaling




Thank you, Justin!


Check out Part 1 of this episode.


Check out Cousins Co. Renovations at CousinsCoMaine.com.




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How to Run a High-End Luxury Renovation Business (Do this NOW!!) (Part 2/2)

How to Run a High-End Luxury Renovation Business (Do this NOW!!) (Part 2/2)

Millionaire University