I asked Cole how he sees his business “merchant developers and contractors”; how is business looking, going forward over this next quarter?
… it’s a mixed bag. Opportunities are abundant, but you have to sharpen our pencil. We expect a little longer cycle in this downturn – and we just keep going through downturns and believe previous levels of profitability will return.
And over the next five years?
… I believe we’ll be in a really good spot. Every developer’s #1 cost is construction – nothing better than creating the value that we do. Not a lot of people are willing to develop and construct, so we are able to control our destiny. We build for others and sell projects, but first – we build for our own account on the basis we will be the long-term owner. Successful companies, in my experience, like to be in new premises …
What qualities distinguish your preferred colleagues, collaborators and suppliers?
… do I trust them? Do I like them? This isn’t meant to be smug – but I can’t afford to buy cheap stuff!
What distinguishes you that causes people to choose Cole Harris, and why do they do business with you, why have they hired you, over your competitors?
… I do what I can do and what I said is what I do. We’ve had lots of experience – and we’ve made lots of mistakes.
How would you describe your management style?
… I’m a team guy. We have a family philosophy of treating people as we’d like to be treated. I lead through example. I’m blessed/cursed in that I know every job in our company – it’s so easy to do things myself. I’m improving as a delegator.
What do you lose sleep over, what do you worry about?
... not much. I’ve matured a lot in the last five years, I think. I used to worry about success, about ‘doing it all’.
Who or what influenced you most – that has made a difference in your life, or that was a major turning point?
… most importantly, our founder, my dad Bob Harris. He’s pushed me and given me opportunity, ingrained in me his work ethic, to be self-sufficient. My mother gave me balance, compassion – things that mothers pass on to their sons. And YPO has been a big influence – exposed me to different business cultures, learning from peers in other industries which has produced opportunities I never expected.
Work-life balance – do you have it?
… ‘in moments’! Always striving for it. Awareness, but often lack the balance.
For fun?
… my job. Hockey. Travelling to hockey camps with my sons. Doing deals with people I like. Working with people I like.
What do you read?
… right now I’m reading a book on joint ventures. And a Johnny Cash biography.
His ride(s)?
… week days, 2012 Jeep Grand Cherokee. And for play, 2008 Maserati – my 40th birthday present to myself!
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I often find there are questions I forgot to ask, and interview subjects often have after-thoughts to send, to mention something they forget to bring up. Cole remembered to tell me about Centron Cares, a charitable element of their organization doing projects in the not-for-profit sector. Smart, I think, to give-in-kind, to do what you do for free or for cost rather than giving cash – it seems to go much further that way.
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