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Are We Building Careers in the Skilled Trades or Just Filling Jobs? | Julian Scadden
6th October 2026 • The Lost Art Of the Skilled Trades • Andrew Brown
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Julian Scadden, CEO of Nexstar Network, on why the trades need a clear path from technician to business owner, not just a pitch about six figures.

Everyone says the trades pay well, carry no student debt and don't need a degree. Julian wants to know why kids still aren't lining up. His answer starts with his own story: early in his plumbing apprenticeship, a service manager pulled him aside and said everyone loved how clean he kept the truck and how well he did the paperwork, but he wasn't a good plumber. Julian never planned to be one anyway. He's a high school dropout who learned business through what he calls business apprenticeship, and he asks every employer listening a hard question: if a technician told you they wanted to start their own company, would you help them or fire them?

Julian is president and CEO of Nexstar Network, a member-owned organization that coaches independent plumbing, HVAC and electrical companies, and he was a Nexstar member himself before he led it. Recorded at Nexstar's conference, this conversation covers his Substack post on what comes after "become a plumber," what makes a good mentor, his open letter to the CEO of Lowe's, and why he doesn't think private equity will consolidate the trades.

This episode is for trades business owners who employ technicians, technicians wondering what comes next, and anyone funding or building workforce programs who wants careers to last past the first 90 days.

IN THIS EPISODE

(00:00) – Become a Plumber, and Then What? The Missing Path to Ownership: Julian explains why six figures and no debt aren't pulling kids in, and why the story of ownership gets left out.

(02:40) – From Technician to Owner: The Skills It Takes and Who Is Teaching Them: The service manager who told Julian he wasn't a good plumber, a contractor who built a $4 million business and lost it, and why employers have to start developing owners.

(06:00) – What Makes a Good Mentor: Mentor versus sponsor, balanced accountability, and how his first mentor Ed Coleman let him make a costly mistake without letting it sink the company.

(12:00) – The Letter to Lowe's: Data Center Dollars or Real Trades Careers? Julian and Andrew ask whether the money going into workforce programs is building careers or just filling seats, and why honest expectations about the work matter.

(17:50) – Private Equity and the Trades: Will Consolidation Win? Why Julian reads the trend lines differently than most, why airlines can consolidate and trades can't, and what happens when buyers don't know how to operate the business.

(23:00) – Who Should Join Nexstar Network and Where to Find Julian: Who is a good fit, why Nexstar is more of an accelerator than an incubator, and how to reach him.

Key Takeaways

Pay alone doesn't recruit people into the trades. If the pitch stops at six figures and no debt, it leaves out the career path, including the path to owning a business, that makes someone stay.

A mentor walks you through your own development, while a sponsor is in rooms you aren't and says your name. The best mentors hold balanced accountability and can tell the difference between you building muscle and you sinking.

Be honest about the job. Showing up at 6 a.m. when it's 20 degrees, or crawling into an attic with asbestos, is the reality, and ride-and-decide days let a new hire find out before they commit. Andrew ties this back to the first 90 days, which is where most new hires are won or lost.

Private equity can't take over an industry where anyone with technical skill and a license can start a competing business tomorrow. Julian expects it to stay a challenge but not to consolidate the trades.

About the Guest

Julian Scadden is president and CEO of Nexstar Network, a member-owned organization for independent plumbing, HVAC and electrical contractors. He was named CEO on November 1, 2020, after joining Nexstar as its first implementation coach, then leading training and events and serving as vice president of operations. He started in the trades as a plumbing apprentice and has more than two decades in home services.

Julian writes on Substack about the future of the trades, including an open letter to the CEO of Lowe's about workforce funding and the path to ownership. Nexstar's mission is to help the world's best tradespeople become the world's best business people, and it only works with independently owned companies, not investment-backed ones.

Keywords

skilled trades, path to business ownership, trades business owner, plumbing careers, become a plumber, technician to owner, mentorship in the trades, mentor vs sponsor, balanced accountability, private equity in the trades, data center workforce, Lowe's Foundation, trades careers for Gen Z, first 90 days, retention, HVAC business, electrician business, home services, Julian Scadden, Nexstar Network

RESOURCE LINKS

Julian Scadden on LinkedIn: https://www.linkedin.com/in/julianscadden

Nexstar Network Website: https://www.nexstarnetwork.com

An Open Letter to the CEO of Lowe's (Julian's Substack): https://julianscadden.substack.com/p/an-open-letter-to-the-ceo-of-lowes

SUPPORT THE SHOW

If you found value in this episode, please leave a review on Apple Podcasts and share it with someone who needs to hear it. Your support helps us keep telling the stories of the skilled trades.

Transcripts

Speaker:

My whole story is, I don't have a college degree, I'm actually a high school dropout.

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Are we just getting them in to fulfill building a data center,

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or are we building careers in the trades?

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Julian Scatton, president CEO of Nextar Network.

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The intent right now is to get the workforce to get the data centers built,

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nothing beyond that, and that's a little troubling to me.

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What do you see over the next five years?

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What in your perspective, like what makes a good mentor?

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Hi, I'm Andrew Brown.

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You're listening to the Lost Star of the Skilled Trades podcast,

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a show that shines the spotlight on careers in the skilled trades

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that are high paying, honorable, rewarding, and fulfilling.

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The trades are the backbone of the economy that keep us running,

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and without them, our world would cease to exist.

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Julian, everybody's talking about getting more people in the trades needed.

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You kind of raised a different question on your sub stack,

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become a plumber, and then what?

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What did you mean by that?

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Yeah, well, I think about, you know, there's this thing about

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how come kids aren't coming running when we say

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you're going to make 100,000 in your first year?

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How come they're not lining up when we say there's no debt?

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Well, I started to think about it, and I thought,

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well, how come they're not lining up when we say there's no debt?

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Well, I started to think about that, and, you know,

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I didn't become a plumbing apprentice to become a plumber.

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I just didn't, to be very direct.

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It was an option that I had in my life at that time,

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and I say, okay, well, we're not attracting people

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to crawl into crawl spaces.

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We're not attracting people to work in attics.

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We're not attracting people to work with hazardous materials.

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I wonder what that is, and what I was reflecting upon

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in that sub stack is, what's the future?

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Does someone want to be a technician their whole life,

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and I love the plumbers that do,

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and the HVAC technicians, and electricians,

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and some people, they just, you know, they love schematics,

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and they love doing the work, and I get that,

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but I wonder how much of the message we're leaving on the table

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when we don't talk about the path to ownership,

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so that's what I was alluding to as we sit here at our conference,

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you know, 500 businesses, and so many of these people

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were technicians, and now they're great business owners,

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and I wanted to start shining some light

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on that side of the story.

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Well, what does it take for somebody who's thinking about

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maybe even going into ownership?

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It's a different skill set.

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These people, obviously, at the conference,

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they started in the field.

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What was it about, because not everybody's cut out

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for entrepreneurship.

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What is it that allows somebody to,

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yeah, this thing is for them?

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Yeah, I get it, and I guess the inverse was true with me.

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I wasn't cut out for technical work.

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I'll never forget early in my apprenticeship

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being pulled to the side, not by my mentor,

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but by the service manager himself,

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and he just said, everyone you've ridden with

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loves how clean you are, loves how clean

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you keep the truck, loves how well you do the paperwork,

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and all of these attributes that are really good attributes,

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but you're not a good plumber.

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You're not real good, man.

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You're not good with your hands.

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You know, the work has to be double-checked,

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and you're taking longer,

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and I'm taking that approach to tell you,

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I think I was the inverse,

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and I think there are skills and attributes

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that you can start to take away from that,

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and I do think you can be a great technician.

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I've seen that, become a great owner,

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but yeah, the path to entrepreneurship,

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look, you're gonna have to be open to communication skills,

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to detail, and to leading others,

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and we have a prospect here at this event

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who was just sharing with me,

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he built a great business, you know,

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for him as an individual,

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exceeded about four million annual,

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and that's impressive within a couple years.

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He said, I lost it all,

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and he said, now I'm rebuilding it.

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He said, you know what I learned

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is that I actually have to learn how to lead people,

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not just tell them what to do.

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So, you know, there's these learnings,

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and you can read books on it,

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and the truth is there are some people

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who are just not built for it,

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have no desire, no interest,

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and I don't want to force you into it.

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I know from my self-experience

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and the members that we have here today,

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and the people I've interacted with for,

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oof, I guess four decades now,

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there are some people who are really multi-talented,

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and technically skilled,

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and they can really become business owners

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and world changers in the business world.

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Are we actually setting them up

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for that type of success?

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Like, is that, I'm 19 years old, right?

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I'm just thinking about working with my hands.

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I can't even imagine owning my own business one day.

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Are we setting these kids up for like a career

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into potential entrepreneurship?

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Here's exactly why I'm pulling out the soapbox.

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I love that you used we.

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Who the heck is we?

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Well, the we is the everyone

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who's employing these people.

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Are you doing what that service manager did for me

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and noticing the skills that the person has

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or starting to cast a vision

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or starting to build them?

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I actually, within that same sub-stack,

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I offered that, you know,

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what if you had someone that worked for you

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as a technician and they told you

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they wanted to start their own business?

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Would you help them if you knew that?

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Or would you fire them?

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And so I think the we need to start taking them

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on internships in the same way that we have the,

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you know, the journeyman to master apprentice.

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That's true in business.

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My whole story is I don't have a college degree.

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I'm actually a high school dropout

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and everything I have was learned through,

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for lack of a better term, business apprenticeship.

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And I think currently in general, by and large,

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no, we are not doing that.

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We, the current older business owners,

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are looking at our exit.

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We're not considering what's next.

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And that's where I think we're at today.

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And I want to change that narrative.

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Now, how do we get them to be mentors?

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Because obviously, like you said, they're retiring.

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They're X amount of years away.

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You know, how did we get them to pay it forward

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and to help the younger generation?

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Because not everybody is set out to be a mentor.

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Some of the best technicians

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do not make the best mentors.

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So what in your perspective, like what makes a good mentor?

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Yeah, I think I want to say two things here.

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Number one, what makes a good mentor?

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I want to answer the question that you asked.

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You want to create legacy.

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You see the best in someone

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and they're willing to hold them accountable

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to the gaps and to the winds

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and you're invested in someone.

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I heard something in corporate America once

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in a conference I was attending

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and being as that I didn't come up in corporate America,

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it was interesting to me.

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It talked about the difference

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between a mentor and a sponsor,

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a mentor and a sponsor.

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Now, a sponsor is in rooms that you're not

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and they're mentioning your name.

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So they have a seat at a table

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and they're literally sponsoring

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your professional development.

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Now, a mentor, though, is the person

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that will walk you through

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your own professional development.

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So it's not focused on the business you're in

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or the doors you're not behind.

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They're literally just working on the you,

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noticing where your gaps are,

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where your skill sets can be either amplified

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or enhanced.

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So yeah, I think a good mentor

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is really going to have that timeliness.

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And also for me personally,

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that high accountability,

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that high accountability.

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And the second thing I wanted to say

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is to the folks that are waiting for a mentor

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to be the reason why they succeed.

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I can tell you it was common for me

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and I hope it's not as common today.

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But when you were out there in the field,

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you know, I remember kind of just being the runner,

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the gopher and even, you know,

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yelled at things thrown at me.

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But I wanted to learn it.

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I wanted to learn it.

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And nobody was going to get me out of that,

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out of the field.

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You know, it was a logic conversation

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that took me out of the field

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that had me thinking differently.

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But as far, and I don't want this for anyone,

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but I do want to offer this word with context,

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abuse.

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Because even professionally,

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there have been lessons

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that I've learned professionally

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from things that I would never do.

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The things, the ways I would never treat someone

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the way that a leader treated me

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or a manager treated me.

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So for those of you that are,

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don't wait for a mentor

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to be the reason why you succeed also.

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I want you to extract lessons in all you do.

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Who was that impactful person for you

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or your first mentor

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that really kind of changed the game

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or maybe your trajectory?

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I want to shout him out

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and he has passed.

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And you know, all the best to him.

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His name is Ed Coleman.

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And the reason I giggle a little

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is because he was a bit of both.

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He was a bit of both.

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He did things that I would never do

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and never want to do

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and talk to people in ways I never would.

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But he was also super kind.

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There was also this side to him

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and you know, for him to take the care.

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And we were in a growing business

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that had just been acquired.

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And you know, nobody's job was promised

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the next day and the time he took.

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And as I reflect back what he did

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in that time to develop me

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when everybody's job was on the line.

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And then he sought me out later

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and recruited me again.

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And so I kind of had this very weird, bizarre,

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I don't want to call it love hate,

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but it was definitely push pull

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where he could be very harsh in his language

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and abusive at times and,

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you know, beyond direct.

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And there were other times where,

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you know, we just kind of sit there quietly

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and he would tell me the good things he saw me

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and you know, where he wanted me to go.

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But Ed Coleman, love him a bunch.

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What makes a good mentor?

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Like if you could pick two or three things,

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like what are the characteristics

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of a good mentor?

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Oh yeah, for me,

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definitely with someone in mind,

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I do think about what maybe

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I would describe this person

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as balanced accountability,

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balanced accountability,

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very supportive,

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made sure that I was equipped and empowered,

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would give me enough room to navigate on my own,

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but would make sure I wouldn't fall off a cliff

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and would hold me to timelines,

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would hold me to, you know,

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the budget, the scope,

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and all of those things

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and the deliverables that he expected.

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And I even remember in business,

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because we worked together,

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he let me make some pretty significant mistakes.

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He would use the word,

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it's not a salvation issue

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is the way that he would say it.

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And I use a term more like fall off a cliff.

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And so he would let me go,

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he would let me go

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and I made some significant mistakes

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that once I made them,

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I was in the one that I think of the most

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was a financial,

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it was an investment where he let me

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keep going a little longer than I should have,

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I believe as a good steward of the organization,

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but he knew it wouldn't be enough

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that it would harm the organization.

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And as I look back, I'm almost ashamed,

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but I learned so much

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and him letting me learn that.

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And he was such a great steward of the organization

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to know where those lines were.

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So let me keep going.

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And he knew I was, he knew I was good.

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He knew my heart was good.

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And I think he knew that was a lesson

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I needed to learn.

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So I guess it's one of those things

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where a good mentor is going to know

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when you're struggling and building muscle

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versus when you're struggling and sinking.

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And I think they put you

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in those types of environments consecutively

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and hopefully in a graduated state

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because everything I learned from that person,

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it was the next iteration.

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I wasn't learning the same lessons over and over.

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And I think as a mentor,

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that's why he chose to take that time with me

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as he saw me reflect, learn, apply and be proactive.

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But I'll just call it balanced accountability

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was never too emotional, was never too extreme

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and would call me out if something was out

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or I use the term a lot

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and it's a common term, trust and verify.

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And it was a lot of that.

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He poured a lot into me and expected a lot of me

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and made sure I was clear on that.

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Yeah.

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And I just want people to know

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that it's not just one mentor in your life.

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You can have multiple mentors.

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This person could take you here.

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This person could take you here

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and so on and so on and so on.

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So you can keep growing

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because you hit different levels

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and you need different help.

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How hard is it to really look at yourself

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and say, I needed to fix a couple of things?

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Like if you were reflective

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and you look at your career,

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where did you need work?

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I think at different phases,

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it's different skills, different things.

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Today, I have the privilege of sitting with you,

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leading a member-owned organization.

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And as the organization has grown,

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the behaviors that served me well,

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not only in my previous positions,

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but in this same position,

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as the organization has grown,

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I'm needing to develop a new skill set

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as the organization grows

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or they'll need to find someone

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to fill the title that I hold today

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that can execute those skill sets.

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So I do think it's, you know,

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I don't want to get,

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I'm not trying not to answer,

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but I do want folks listening to consider

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and not only is it situational,

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but it's also incremental

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of where you're at in your career.

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And that's one thing I love about the trade so much

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is to go from apprentice to journey to master.

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And, you know, in an instant society,

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there are so many lessons and muscle

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and confidence that come from

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just having to go through the suck.

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Just got to sit down, just got to take it.

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It ain't coming tomorrow.

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It's not microwaved.

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The suck is, it's not for everybody, right?

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If you know that, you know,

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it's going to take a handful of years

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of going through whatever you have to go through.

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Not everybody's cut out for that.

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And you just need to understand

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that it's not an overnight success.

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And it takes time.

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I want to shift over to just talk about

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the letter to Lowe's

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because I want to unpack that a little bit.

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Lowe's is pumping in $250 million

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over X amount of years.

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I had a chance to actually sit with Betsy Conway,

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the executive director of Lowe's Foundation.

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They're spending a lot of money.

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Meta is spending a lot of money.

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The thing is, are we just getting them

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in to fulfill building a data center

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or are we building careers in the trades?

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Well, you know, I really appreciate you calling that out.

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My intent was to start a respectful conversation

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towards ownership.

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And I will be very direct with you

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that part of my discomfort

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in wanting to broaden the conversation

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for the young ears and eyes

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that are listening and looking at us

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is I do have some,

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and I think there's very clear data

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that shows the intent right now

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is to get the workforce to get the data centers built

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and nothing beyond that.

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And that's a little troubling to me.

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That's concerning.

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I'm not saying that that is Lowe's intent

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and I'm not saying that that's their strategy

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or their execution, but I am saying

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they have a need

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and I do see very deep pockets that can fill that need.

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And we've even seen with Meta

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the amount of money they're willing to throw

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with the attrition that comes with it

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and they don't care

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because the retention rate

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is all that they need to focus on.

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And many of us don't have that level of dollar

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that we can just release and lose

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to have a very small retention rate.

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So yeah, that's part of what my response was

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in that letter

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is I really want to open the conversation beyond

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are we now throwing,

418

:

and this term is used a lot in business,

419

:

golden handcuffs almost.

420

:

Am I just going to throw so much money at you

421

:

that you feel restricted or cuffed to this outcome

422

:

versus painting a virtuous future

423

:

and a career that serves the communities,

424

:

that enhances their lives,

425

:

their family's lives,

426

:

and it can be something legacy building for our nation.

427

:

I mean, without the trades,

428

:

you know very well that it's not just comfort,

429

:

that's how we view it today,

430

:

but it is health and safety at its core.

431

:

And I feel like we're kind of skipping a step

432

:

and just once again,

433

:

talking about the money

434

:

or not talking about the holistic outcome

435

:

to the community.

436

:

Yeah, and there's a, you know,

437

:

attractiveness of the money.

438

:

You have the Mike Rose saying,

439

:

well, you can make $200,000 today.

440

:

Look, what about overtime?

441

:

Let's set the expectations correctly.

442

:

Like, you're showing up 6 a.m.,

443

:

it's 20 degrees down on a job site.

444

:

Like, be realistic about what you're going into

445

:

because if you aren't,

446

:

you're not having the expectations.

447

:

People will show up and they don't know why they're there

448

:

and then they end up leaving.

449

:

And that's why I think also the first 90 days

450

:

is the most important piece

451

:

and then keeping them past there

452

:

to build a career in the trades.

453

:

I don't know if these organizations

454

:

have a plan for that.

455

:

Maybe they do.

456

:

I'm not seeing it.

457

:

I'm not saying you're promoted.

458

:

You make me think of,

459

:

so very fortunate to have five children

460

:

and our true middle child,

461

:

Darrell Ethan.

462

:

Since he was a kid,

463

:

played with little cars,

464

:

played with Hot Wheels.

465

:

But then as he got older,

466

:

we even bought him,

467

:

it's like a plastic engine that you can build

468

:

because he just loved cars

469

:

and then he built that little engine

470

:

and he loved it.

471

:

And he would tell us all the time,

472

:

you know, he's going to be a mechanic.

473

:

He wants to work on cars.

474

:

That's all he wants to do.

475

:

Well, I've had a saying that

476

:

I said in different ways,

477

:

but it really landed with him.

478

:

Son, I love you.

479

:

That's great.

480

:

Until you bang your knuckles,

481

:

we'll find out what you're going to be professionally.

482

:

And, you know, with a mechanic,

483

:

mechanics understand what that means

484

:

and us in the trades know what that means.

485

:

And that's what I hear you saying

486

:

when we say,

487

:

what is the real picture?

488

:

What does it really look like?

489

:

I love when I hear different businesses

490

:

say they have four aspiring technicians

491

:

ride and decide.

492

:

I like that language.

493

:

Show up when it's 40 below.

494

:

This house doesn't have heat.

495

:

It's a hundred-year-old boiler.

496

:

We got to crawl into it.

497

:

It's best those covered at 100,000,

498

:

you know, that kid's going to start saying,

499

:

I can live off of 50,000 in Chick-fil-A.

500

:

You know, I want to serve the,

501

:

you know, serve some chicken sandwiches

502

:

and be a manager there.

503

:

You're right.

504

:

I really like the way you framed that.

505

:

I don't know that we're painting

506

:

that picture clear enough.

507

:

And that's my fear.

508

:

We tantalize you with money to join.

509

:

And then when you find out

510

:

the reality of the work,

511

:

it's not something you're at all interested in.

512

:

So what's the framing

513

:

that we're putting out there

514

:

is really important.

515

:

And consider it.

516

:

I like the way you did that.

517

:

Well, you travel the country

518

:

and you meet with different

519

:

next door members, right?

520

:

Each company is struggling

521

:

with different things.

522

:

Like how much of this

523

:

is the employer problem

524

:

at the end of the day?

525

:

I love earlier you said,

526

:

what are we doing about this?

527

:

They're the we.

528

:

They are the we.

529

:

You know, we're very fortunate

530

:

in the organization that I represent,

531

:

that we talk a lot about coaching,

532

:

but we don't just talk

533

:

about your financials.

534

:

We talk about talent.

535

:

We talk about the technical aspects as well.

536

:

Yeah, I just don't see it.

537

:

I don't see it enough

538

:

that these,

539

:

the owners of the businesses,

540

:

the managers of the businesses,

541

:

the leaders of the businesses,

542

:

we're in a very challenging

543

:

industry right now

544

:

where there are factors of businesses

545

:

that are scaling money

546

:

to grab market share

547

:

and independent businesses

548

:

are concerned about

549

:

where their next technician

550

:

will come from.

551

:

They're concerned about

552

:

their profitability

553

:

as they watch these larger,

554

:

these larger businesses

555

:

enter their markets

556

:

and can leverage buying equipment,

557

:

can leverage buying marketing.

558

:

They're really trying to flex

559

:

and take over the marketplace.

560

:

And I think that they are,

561

:

you know, they may be reacting

562

:

from a stress response

563

:

and not thinking long term about

564

:

how do I pour into these employees

565

:

that I'm attracting?

566

:

How am I pouring into the people

567

:

that I'm wanting to retain?

568

:

And what's the reason?

569

:

And it's a perfect recipe

570

:

for an unsavory meal,

571

:

meaning that as all these stresses

572

:

and tensions rise

573

:

on the business owner

574

:

that's around my age

575

:

and these folks are looking to exit,

576

:

well, it's probably easier

577

:

to just get a multiple

578

:

for the business and walk away.

579

:

And yeah, it's just a recipe right now

580

:

that is, you know,

581

:

it's bubbling, it's brewing

582

:

and it's simmering.

583

:

Yeah, I mean,

584

:

you have private equity coming in

585

:

and knocking on people's doors

586

:

of wanting to take over the business.

587

:

What do you see

588

:

over the next five years

589

:

if they really start to gobble up

590

:

more of these small businesses?

591

:

Like what happens at the end of the day

592

:

in the trades?

593

:

It'll be interesting to watch.

594

:

I'll tell you what I'm seeing now

595

:

and we just had the opportunity

596

:

to sit with an economist

597

:

from ITR economics

598

:

and I do call them out by name.

599

:

I would encourage folks

600

:

to consider economics.

601

:

I have a bad joke

602

:

and guess what?

603

:

You're going to get it

604

:

when folks ask either my religion

605

:

or my politics.

606

:

I say none of that.

607

:

I'm an economist.

608

:

And I don't mean that

609

:

in the financial sense,

610

:

what economy teaches you

611

:

is there is no good or bad.

612

:

There's only trade-offs.

613

:

That's it.

614

:

If you're going to do one thing,

615

:

you cannot do another.

616

:

And so, you know,

617

:

as I think about that,

618

:

you know, I think we really have to focus

619

:

on where are we spending our time?

620

:

What are we focused on?

621

:

Where are we putting in our endeavors?

622

:

And now to tie that back

623

:

to private equity though,

624

:

I think about that

625

:

and what I'm seeing today.

626

:

So the economics give us trend lines

627

:

to predict the future

628

:

and they always say

629

:

have at least five different indices

630

:

you're watching

631

:

before you believe any one of them.

632

:

And if three of them are trending,

633

:

that's what you believe.

634

:

I'll tell you the trend

635

:

I'm seeing right now.

636

:

I'm already watching private equity

637

:

because of the way

638

:

that it was handled most recently.

639

:

Party releasing assets,

640

:

dissolving assets,

641

:

because things were being purchased

642

:

at a rate that didn't make sense.

643

:

These were being purchased

644

:

without enough operators.

645

:

If we don't have enough technicians,

646

:

I can promise you right now,

647

:

we don't have enough operators

648

:

that know how to run this business.

649

:

And that's part of their issue

650

:

where these financially backed

651

:

investment businesses

652

:

do not know the industry or the trade.

653

:

Now, are they learning quickly

654

:

and professionalizing it

655

:

and scaling it?

656

:

Yes, that's true.

657

:

But you need operators.

658

:

I want to be very clear in that term.

659

:

And what that means is

660

:

not only the leadership of the people,

661

:

but how to run a business like this

662

:

and how to run it

663

:

so it sustains.

664

:

I'm not running it

665

:

for a three year horizon to turn it.

666

:

And when you do that,

667

:

the business starts to deteriorate.

668

:

And what I've seen is

669

:

no one wants to be the last person

670

:

holding that asset.

671

:

They just cut cost, turn,

672

:

cut cost, turn, cut cost, turn.

673

:

What I'm starting to see now already,

674

:

as I mentioned,

675

:

these assets are dissolving

676

:

or going away or devalued.

677

:

I'm watching many, many people

678

:

leave those types of organizations

679

:

and starting again, starting over,

680

:

starting independent businesses

681

:

or leaving as employees

682

:

and wanting to consult

683

:

or start their own businesses.

684

:

So I don't know.

685

:

My trend lines tell me right now

686

:

that they're not going to go.

687

:

I've heard so much.

688

:

And this was around 2020, 2021

689

:

when the multiples were ridiculous

690

:

and folks were saying,

691

:

Julian, I think your industry

692

:

is going to be consolidated

693

:

like airlines and waste management.

694

:

I said, I don't think so.

695

:

I don't think so.

696

:

Because someone can't go out

697

:

and buy their own plane

698

:

and start their own airline.

699

:

Someone's not going to go purchase a truck

700

:

and start their own waste management.

701

:

But here every day,

702

:

everyone listening to this podcast

703

:

right now that has

704

:

any technical proficiency

705

:

and doggone sure a license,

706

:

you can start your business tomorrow.

707

:

And I'm going to encourage you

708

:

to start having those conversations

709

:

and thinking about it.

710

:

That's why I believe that

711

:

no one force will consolidate us.

712

:

And I don't believe

713

:

that private equity will consume.

714

:

Will it be a challenge?

715

:

And will it be here?

716

:

I think from here on out, yes, I do.

717

:

And what folks don't realize

718

:

is it was around for some time,

719

:

really well done by a few groups.

720

:

But in any business

721

:

where you have hubris and greed,

722

:

that's your downfall.

723

:

So I think the ones

724

:

that are good operators,

725

:

long-term vision, long-term decisions,

726

:

or at least in some form,

727

:

as long as people like money,

728

:

they'll be around.

729

:

But I don't know

730

:

that it's going to be as present

731

:

or as tense as it is now.

732

:

Yeah.

733

:

And I've seen companies change

734

:

that were taken over by private equity.

735

:

The cultures changed,

736

:

the people changed.

737

:

A lot of people left

738

:

and it was all about margin, margins, margins.

739

:

You know, it wasn't necessarily

740

:

about the people.

741

:

And I think if you want

742

:

to build a good business,

743

:

put a lot of stock in your people,

744

:

get the right people on the bus

745

:

and build your business.

746

:

You know what that makes me think of

747

:

is I remember,

748

:

now this was early on

749

:

and I'll own that I'm outdated,

750

:

but I remember early on in my career

751

:

when SharkBite fittings came out.

752

:

So as a plumber,

753

:

you know, we were very proud

754

:

to solder and connect and copper.

755

:

And then SharkBite fittings,

756

:

these little clamp down fittings

757

:

that came out,

758

:

when they first came out,

759

:

they were cost effective.

760

:

It was a very quick solution.

761

:

But at that time,

762

:

they weren't the best solution

763

:

in all cases.

764

:

But I was watching similarly,

765

:

businesses push for that.

766

:

You were in and out of a job faster.

767

:

The materials were lower.

768

:

And so that's what I think about

769

:

when I hear you talk about,

770

:

you know, we're chasing margin

771

:

all the time.

772

:

That leak's going to come back.

773

:

And here's the dangerous thing.

774

:

I know I'm speaking about plumbing.

775

:

I love my other trades.

776

:

I love you all.

777

:

I promise I do.

778

:

Carpenters, all of you.

779

:

I love you, painters.

780

:

I love all of you guys on the roof.

781

:

I'll never do that.

782

:

I could never do that.

783

:

But here's what I'm saying.

784

:

The thing with plumbing,

785

:

and I explain this to people

786

:

all the time.

787

:

Number one,

788

:

the work that we do is behind the walls.

789

:

Nobody gets to see our craftsmanship.

790

:

But with plumbing,

791

:

when a leak happens,

792

:

it usually runs down the pipe

793

:

and the place where you see it

794

:

by the time you see it,

795

:

number one,

796

:

it's probably become mold,

797

:

become dangerous and a bigger issue.

798

:

Number two,

799

:

you can't even find the origin of it

800

:

or the source

801

:

because it'll run along that copper pipe

802

:

and then it finally drips

803

:

where a turn or a drop is.

804

:

That doesn't mean that's the source

805

:

of the problem.

806

:

And that's where I'm tying back

807

:

to any business that's looking

808

:

for quick turnaround,

809

:

quick solutions.

810

:

They're not thinking long term.

811

:

That drip is going somewhere

812

:

and someone's going to pay someday.

813

:

And that's why I see

814

:

some of these businesses

815

:

not wanting to be the last one

816

:

holding the asset.

817

:

Who's a good candidate

818

:

to join the Nexstar Network?

819

:

Like if I'm thinking

820

:

I'm listening to this right now

821

:

and I have a struggling business,

822

:

what do I do?

823

:

Yeah.

824

:

Yeah.

825

:

Well, first,

826

:

join some type of best practice group.

827

:

OK, so Nexstar is great.

828

:

I love it.

829

:

I was a member

830

:

and I get to lead the organization today

831

:

and very biased towards that.

832

:

But I think the first thing is

833

:

this kind of goes back to mentorship,

834

:

but also say it's networking community.

835

:

So when you join any group,

836

:

you're going to be around other people

837

:

that are going through

838

:

the struggles you're with.

839

:

You're going through,

840

:

hopefully, a coaching perspective

841

:

or a consultative perspective

842

:

that's a little separate from you

843

:

that can stay objective.

844

:

Because, look,

845

:

I still have a coach to this day.

846

:

I can coach people all day long

847

:

and then I can have a conversation

848

:

with my coach and not see things

849

:

that are right in front of me as well.

850

:

And I do appreciate the tip.

851

:

So I will dive into that.

852

:

I'll tell you,

853

:

if you're considering Nexstar Network,

854

:

please just reach out.

855

:

I'll start with that.

856

:

I will tell you that

857

:

we're more of an accelerator

858

:

than an incubator.

859

:

And what I mean by that

860

:

is if your annual revenues

861

:

in the trades are below,

862

:

you know, 1 million, 2 million,

863

:

you're not going to really

864

:

have the time to implement

865

:

what we're cooking up for you.

866

:

So, you know,

867

:

build the organization a little bit more.

868

:

And the other thing I'll say,

869

:

I wonder if there will be a day

870

:

where, you know,

871

:

there are members,

872

:

I'm seeing a little bit of it,

873

:

once they pass a certain

874

:

revenue threshold per location,

875

:

that they might graduate.

876

:

And I'm OK with that.

877

:

I'm OK with that.

878

:

Because what they do

879

:

is they start to take,

880

:

you know,

881

:

they have their internal coaching,

882

:

they have their internal training.

883

:

There's things at scale

884

:

that they just need to do.

885

:

And I think that's

886

:

a wise business decision.

887

:

And then the other thing is

888

:

that you must be independently owned.

889

:

We do not bring on anyone

890

:

that is investment backed

891

:

or venture capital backed.

892

:

And what we want to do

893

:

and our mission as written

894

:

and what we shall do

895

:

is honor our mission as written,

896

:

which is we will help

897

:

the world's best tradespeople

898

:

become the world's

899

:

best business people.

900

:

I love that.

901

:

If people want to find out

902

:

more information or join Nextar,

903

:

where do they go?

904

:

Yep, nextarnetwork.com.

905

:

Find us on the socials,

906

:

find us on the webs,

907

:

find me in the street.

908

:

I can't wait to tell you

909

:

more about it.

910

:

Julian, you've got

911

:

an interesting perspective

912

:

on the industry.

913

:

Thank you so much

914

:

for what you're doing here.

915

:

And thanks so much

916

:

for being on the show.

917

:

I want to take a moment

918

:

to give you your flowers,

919

:

what you're doing right now,

920

:

the lost art of the trades

921

:

and, you know, shop class,

922

:

the soul craft is a great book.

923

:

And I think about the work you do.

924

:

And I tie those things together.

925

:

I appreciate you bringing ears

926

:

to the voices that are

927

:

not well heard right now

928

:

in the way that you do it,

929

:

the depth touch.

930

:

And yet the loud whisper

931

:

that you're using

932

:

and when I use that term,

933

:

what I mean is that

934

:

you do it professionally.

935

:

Thank you for that.

936

:

Respectfully.

937

:

But you're making sure

938

:

it's getting into

939

:

the right audiences.

940

:

And as I say that,

941

:

I'll say one more thing.

942

:

And I see you

943

:

being a great representative

944

:

of the thing

945

:

that I wish we had more of.

946

:

And I think it's minimizing.

947

:

But people used to say things like

948

:

they would say a cuss word

949

:

or they would kind of

950

:

be really gruff.

951

:

They go, oh, it's OK.

952

:

We're from the trades.

953

:

And to have that inference

954

:

that we're not professional

955

:

or can't be professional.

956

:

And my point in spinning

957

:

all of that up is to say

958

:

the way you're doing things today,

959

:

Mr. Brown,

960

:

you are showing people

961

:

an aspirational view

962

:

of the trades

963

:

and the craft that we hold.

964

:

And I really appreciate you for that.

965

:

We don't have to,

966

:

you know, say naughty jokes

967

:

or be dirty to try to be funny.

968

:

These are professionals.

969

:

And I really see you

970

:

bringing that to your podcast.

971

:

And I just want to honor you

972

:

and thank you for that.

973

:

That means a lot.

974

:

That means lots of passion for me.

975

:

I see you mean a lot.

976

:

Yes, sir.

977

:

Julian, thanks so much

978

:

for being on the show today.

979

:

Anytime.

980

:

Thank you so much for the platform.

981

:

Thank you, sir.

982

:

Thanks for listening

983

:

to The Lost Art

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