Why Two Owners Need More Than 1.5x Work
Modern Craftsman
Modern Craftsman
4.8 • 1.2K Ratings
🗓️ 11 December 2025
⏱️ 40 minutes
🧾️ Download transcript
Summary
Tyler answers a listener's question about two belt-on GCs teaming up in a 50-50 partnership and trying to keep things simple while still making real money. He breaks down how to price owner labor, define roles, track time, and protect both your margins and your friendship when you run a tiny company with two owners.
Show Notes:
00:00 Two owners, tiny company
05:26 Ryan's email setup
08:00 One and a half myth
10:19 Where you make money
13:00 Self perform vs subs
15:00 Pros and cons of partners
17:20 Roles, risk, resentment
19:59 Tool belt vs business
25:01 Staying niche, lean overhead
29:29 Tracking time and overhead
34:25 Protecting the friendship
38:50 IBS tickets and outro
Video Version:
https://youtu.be/6b0RrhcuXT0
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Transcript
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| 0:00.0 | It's really hard to be small, but it's really a lot harder to be small with two owners of a business. |
| 0:07.2 | And that's probably why you don't see this a lot. |
| 0:13.6 | Welcome back to Midweek Modern Craftsman, where today I am diving into a listener question from Ryan, a residential builder out in San Diego. |
| 0:23.6 | If you have a question that you want answered on the podcast or you're curious about something, |
| 0:29.1 | shoot me an email Tyler at TRG Home Concepts.com and maybe I'll record a podcast on that topic. |
| 0:37.2 | Basically, free consulting. |
| 0:40.5 | So Ryan says that he is a residential builder out in San Diego, and he has a topic |
| 0:45.5 | that he finds interesting or potentially interesting for myself and the listeners. |
| 0:51.0 | And he goes into how he recently started another business with a younger G.C. |
| 0:56.5 | out in San Diego. They're doing custom remodels, ground up builds, medium to high end. |
| 1:02.3 | They come from a finished carpentry background. They both enjoy self-performing, but they're |
| 1:10.0 | struggling or they were struggling independently while self-performing, but they're struggling or they were struggling independently |
| 1:12.7 | while self-performing to handle the scheduling project management, business management, etc. |
| 1:18.6 | So here's his email. |
| 1:20.3 | I feel like with all the books and podcasts out there, the coaching folks are saying basically |
| 1:27.2 | stay small or go big, nothing in the middle. |
| 1:29.6 | Take off the toolbell. |
| 1:30.7 | If you want to raise your ceiling, you'll be trapped in business, self-performing. |
| 1:35.2 | So he understands this dynamic. |
| 1:41.3 | He's also worked with many other successful contractors, plumbers, carpenters, electricians who made great money, but were always stressing over time and management. |
| 1:52.5 | He says that he's also worked in other small businesses and started other small business is physically building and running coffee shops, coffee roasting |
| 2:02.5 | business here in Southern California. |
... |
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