Ep 097: The Intersection of Quality and Cost w/ Mike Fulton
Welcome to Restoration Domination, Welcome to Restoration Domination! Join host Rico Garcia Jr in this episode featuring special guest Mike Fulton. Discover the importance of utilizing technology effectively and shaping your business around it for increased efficiency and success. Gain valuable insights on understanding your costs and keeping track of your competitors' pricing strategies to stay competitive in the restoration industry. Learn the benefits of offering educational opportunities to your employees, fostering personal and professional growth within your organization. Tune in to Restoration Domination with Rico Garcia Jr and Mike Fulton to unlock essential strategies for dominating the restoration industry. Don't forget to like, subscribe, and stay tuned for more enlightening episodes!
What We Talk About
- Who is Mike Fulton
- What Contractors Need to Be Asking
- How to Break Down Costs and Metrics
- Where to Find Costs
- Where to Get Training
- Technology is a Tool and To Model Your Business Around It
- Why the Industry is Slow to Adopt Technology
- The Software vs Personal Pricing
- Leveraging Systems
- Education Role of Contractor
- 3 Keys to Success
- Labor Force
- Books to Read
- Where to Find Mike Fulton
Biggest Takeaways
- Technology is a Tool and To Model Your Business Around It
- Know what your costs are and know what your competitors are charging
- Offer Educational Benefits to Further Your People
Find our Guest
- LinkedIn: https://www.linkedin.com/in/michael-fulton-cpcu-69967510/
- Phone # 801-380-2448
- Email: mikefulton@live.com
Your Guest's Personal Bio
Mike has spent his entire career of 40+ years in the construction and reconstruction industries. He has recently retired from Verisk / Xactware, after joining that organization in 1992. During his tenure with Xactware, Mike filled many roles including product leadership, catastrophe consultant, in general provided estimatics expertise to drive Xactware’s solutions to the number one spot in N. America. From 1994 – 2014, Mike built the team and processes for producing what became recognized as the industry’s most comprehensive and accurate building cost data. From 2015 – 2023 Mike filled the role of Xactware’s president, taking over from the Loveland family who founded the organization. Today, Mike acts as an independent advocate and consultant for the property claims and restoration industry. Mike is a graduate of Chattahoochee Tech (Atlanta); holds the Chartered Property and Casualty Underwriter (CPCU) and Certified Water Restoration Technician (IICRC) designations, and remains a licensed general contractor.
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