Paul Bertozzi, managing partner at Live Oak Contracting, was recently invited to be a guest speaker at a senior Construction Financing course held at the University of Florida. Established in 1935 the Rinker School is the oldest school of construction in the United States and the first to receive accreditation in 1975.
The seniors from the Rinker College of Construction at UF are assigned a semester long project that involves creating and operating their own mock company. One of the benefits of this project for students is the opportunity to experience the unanticipated challenges business owners often face when just starting out.
Mr. Bertozzi was asked to speak about those challenges and the unexpected costs that can come up during your first year of business. The construction industry offers its own unique set of obstacles. Paul touched on a few of these with the students, including how to set the proper billing terms on a project and tips for managing operating capital.
“This was an excellent opportunity for the students to get first hand knowledge of the tribulation and successes that come with starting and managing a new company.” – Paul Bertozzi