Listen to the Podcast Here
What does it take to weather four decades of growth and regulation in the highly competitive market of supplying equipment to construction sites?
To find out, Mark interviews Dan Ugalde, a long-time Board Member of the Southern California Contractors Association. Dan grew a highly successful trucking company that supplied earthmoving trucks to construction sites throughout SoCal.
After a long and productive career, Dan took an interesting approach when exiting his company: he chose to liquidate rather than sell. Through that process, he made sure his key employees were well taken care of, helping many of them retire or find places within the industry.
A master at forming long-term relationships, Dan is also very active in helping the industry fight harmful legislation, having also served on the SCCA Legislative Committee.
Listen in as Dan shares his thoughts with host Mark Chandik on:
- 0:00 – The Prosperity Report Introduction With Guest Dan Ugalde
- 3:13 – Business And Regulatory Changes In Your Industry Over The Years
- 5:25 – The Effect Of California Compliance Regulations On Independent Truck Owners
- 9:10 – How Did You Decide On The Exit Strategy For Your Company
- 11:46 – What Length Of Time Did It Take To Wind Down Your Business
- 12:58 – Fostering Long-Term Relations
- 15:24 – Advice On Navigating The Highs And Lows Of The Industry
- 18:21 – Managing Your Cash Flow
- 19:42 – Hiring Employees For The Long Term
- 23:36 – How Important Is Family Support
- 25:35 – How Important Is Your Work With Charities
- 28:26 – Using Professional Consultants
About the FDP Prosperity Report
Prosperity is more than a number. It's the power to shape what is possible for you, your family and your heirs. On the Prosperity Report you can learn ideas for building wealth, safeguarding it, and translating it into true prosperity with insights from actual business owners and financial professionals.
