Reducing capital requirements - reduce construction expenses

[Account Closed]

Sounds counter intuitive, but how can you keep your seed capital requirements low through efficiency improvement/scale? What do you feel is the best way to keep your construction or remodeling costs down when you are not personally involved in the experience yourself?

[Hank Wu]

I like to keep max values on all costs, and use past builds as benchmarks. If the foreman or construction crew quotes me significantly over previous builds for the same job, I give the situation a review and prepare myself to lose an employee or two if they won't budge on the cost. I don't want to lose all my seed capital being bludgeoned by bad builders.