The Foundations of an Enduring Construction Company with Randy Strebig

Owner's Corner by SYM Financial Advisors

May 24 2022 • 42 mins

Randy Strebig is the Founder and Owner of Strebig Construction, a construction firm in Fort Wayne, Indiana. When Randy founded the company in 1980, he focused the firm’s efforts on residential modeling, roofing, and concrete flatwork. Over the last 40 years, Strebig Construction has been expanding and evolving into a dominant force in commercial, industrial, and design/build projects. Randy and the Strebig Construction team are dedicated to taking a customer’s idea from inception to reality using creative imagination and value-based packages that deliver results.

Randy joins us today to discuss the foundations that make a successful construction company. He shares how his childhood shaped his work ethic and creativity and discusses the importance of trade schools. He explains how Covid-19 impacted Strebig Construction and outlines how he avoided laying off his team amid the pandemic. He also highlights the value of employing business advisors and consultants and underscores why business owners need to keep an eye on market trends.

“Serve with your heart and exceed peoples’ expectations.” - Randy Strebig

This week on The Owner’s Corner:

  • Randy’s background and how he gravitated to the construction industry
  • How his family life as a child inspired his creativity and work ethic
  • Learning the construction trade from vocational school and the first jobs Randy got
  • The importance of vetting clients and ensuring they fit your business model
  • The biggest challenges Randy has faced as a business owner
  • The value of watching market trends and how Randy overcame his first economic downturn
  • How the Covid-19 pandemic impacted Strebig Construction
  • Randy’s advice on succession planning and exit strategies
  • The importance of having advisors and consultants for your business
  • The value of technical education and programs
  • Why traditional college education and trade education can go hand-in-hand

Our Favorite Quotes:

  • “Many get into business because they had a passion that led them to that business. They weren’t doing it to taste money, but because they loved it.” - Seth Whicker
  • “Business owners’ time and energy get so wrapped around in their business that their personal lives get neglected, but business and personal life are not independent of each other.” - Seth Whicker
  • “In the face of adversity, keep making decisions. Don’t wait and stall for something to take effect—you need to be the effector every day.” - Randy Strebig

Connect with Randy Strebig:

About SYM Financial and The Owner’s Corner Podcast

The Owner’s Corner is a show for business owners. In each episode, host and financial planner Seth Whicker sits down with business owners and the professionals that serve them to talk about what it takes to build a business. Our guests come from many industries and walks of life to share their biggest wins, mistakes made along the way, and their thinking about the all-important exit planning.

Email Seth at swhicker@sym.com with questions, comments, and to schedule a one-on-one conversation.

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