Ep. 10: (Mandarin) Entrepreneur Wei Luo quit coding to build vertically-integrated home renovation business

<p>Wei Luo quit his software engineering job to become a contractor in 2006. After 14 years, he had a business (based in San Francisco Bay Area) consisting of 50+ employees and multiple business lines, including home renovation, interior design, cabinetry and appliances.</p> <p>Wei shared with us how he persuaded his parents to pursue a new career with seemingly low barrier to entry, challenges and turning points of his business, a severe problem of labor shortage in the contracting field, a squeeze on margins due to regulatory pressure from sino-US tensions, and more.</p> <p>Don't forget to like, share, subscribe, and ring the bell (YouTube)!</p> <p>HB Kitchen & Bath: https://www.hbkb.us/<br /> Alice Cabinetry: https://www.alicecabinetry.com/</p> <p>0:00 Teaser<br /> 0:35 Host monologue<br /> 2:31 Guest self-intro<br /> 4:33 Getting into contracting business after helping handyman roommate with limited English skills<br /> 8:34 Making the decision to get a license and "do things the right way"<br /> 10:12 Transition from computer engineering to contracting, and convincing parents to make the jump<br /> 15:16 Description and evolution of multiple business lines: renovation, design/retail, cabinetry and appliances<br /> 22:46 Recap of duration of running the business, team size, number of projects<br /> 24:02 Initial friction to earn respect from laborers that dismiss leaders that don't work in the field<br /> 27:04 Challenges in recruiting new blood given a plethora of options and aversion to blue collar work<br /> 28:47 Suggestion for running home renovation summer camp for teens<br /> 32:52 Contracting going O2O<br /> 34:30 Growing up as a natural leader among kids and unhappiness with Chinese schools parochially focused on academics<br /> 37:01 Business opportunity for better consumer protection, vendor selection and service review in contracting<br /> 40:44 Concerns about manufacturing leaving China thanks to anti-dumping regulations</p>