René Morkos invented the world’s first generative construction simulator and optimizer. He is the Founder/CEO of ALICE Technologies, which increases construction efficiency using AI, and an adjunct professor at Stanford University.
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Guest Resource
René’s Email – Connect with René via email!
3 Value Bombs
1) No matter your position, the upside and downside tend to be similar.
2) Do not take the high’s so high and the low’s so low; be gentle with yourself. Do not tie your self-worth to the success of the company.
3) Do not quit, and keep building.
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Thrivetime Show: Is this your year? Visit ThrivetimeShow.com/eofire to see how Clay Clark’s business coaching has helped thousands of entrepreneurs to dramatically increase profitability!
HubSpot: Learn how HubSpot can help your business grow better and get a special offer of 20% off on eligible plans at HubSpot.com/eof!
Ziprecruiter: Keep your team growing strong! Visit ZipRecruiter.com/fire to try ZipRecruiter for free! ZipRecruiter. The smartest way to hire.
Show Notes
**Click the time stamp to jump directly to that point in the episode.
Today’s Audio MASTERCLASS: Driving a Construction Industry Renaissance with René Morkos
[1:28] – René shares something he believes about becoming successful that most people disagree with.
- He believes that no matter your position, the upside and downside tend to be similar.
[3:03] – How did you get your start in the construction technology industry?
- He worked with a reconstruction company as his first job in Afghanistan.
- He realized that construction is complicated, and he thought about having a computer-based tool that could help make construction planning easier.
- He got to the US and discovered that there was no technology available for what he was thinking of.
- He then studied, researched, and used his construction experience to build the tool.
[5:33] – What is ALICE Technologies, and how does it increase construction efficiency using AI?
- ALICE Technologies helps the construction industry by converting construction problems into algorithm terms.
- They can simulate the construction project in different ways.
- They provide optimal and fast results.
[7:25] – What kinds of companies use ALICE, and how do they benefit?
- France’s leading and largest construction company uses ALICE for its projects worldwide.
- ALICE helped them shorten the time that people needed to be onsite.
- By using the software, they saved a massive amount of money.
[8:32] – What do you think most people miss in AI when it comes to construction and making things more efficient?
- Most people should see the number of options available in the building, and you can use the computer to generate all those different methods.
- You do not need an advanced degree to run the software.
[9:50] – A timeout to thank our sponsors!
- Ziprecruiter: Keep your team growing strong! Visit ZipRecruiter.com/fire to try ZipRecruiter for free! ZipRecruiter. The smartest way to hire.
- Thrivetime Show: Is this your year? Visit ThrivetimeShow.com/eofire to see how Clay Clark’s business coaching has helped thousands of entrepreneurs to dramatically increase profitability!
- HubSpot: Learn how HubSpot can help your business grow better and get a special offer of 20% off on eligible plans at HubSpot.com/eof!
[12:20] – Why did your investors bet on ALICE?
- Back in 2017, the construction renaissance emerged. Construction is the second most digitized industry in the world.
- Approach investors by telling them your story and what you can offer to their business.
[15:51] – What are the top two most significant challenges you’ve faced in building ALICE?
- René’s biggest challenge is rapidly changing as a human to meet and provide value to company changes.
[18:40] – What would be the two most important pieces of advice that you could offer to other aspiring entrepreneurs?
- Do not take the high’s so high and the low’s so low; be gentle with yourself. Do not tie your self-worth to the success of the company.
[20:42] – René’s call to action.
- René’s Email – Connect with René via email!
- Do not quit, and keep building.
[22:23] – Thank you to our Sponsors!
- Thrivetime Show: Is this your year? Visit ThrivetimeShow.com/eofire to see how Clay Clark’s business coaching has helped thousands of entrepreneurs to dramatically increase profitability!
- HubSpot: Learn how HubSpot can help your business grow better and get a special offer of 20% off on eligible plans at HubSpot.com/eof!
Killer Resources!
1) The Common Path to Uncommon Success: JLD’s 1st traditionally published book! Over 3000 interviews with the world’s most successful Entrepreneurs compiled into a 17-step roadmap to financial freedom and fulfillment!
2) Free Podcast Course: Learn from JLD how to create and launch your podcast!
3) Podcasters’ Paradise: The #1 podcasting community in the world!
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