Today we’d like to introduce you to Carson Schifsky.
Hi Carson, it’s an honor to have you on the platform. Thanks for taking the time to share your story with us – to start maybe you can share some of your backstory with our readers?
I am a 4th generation Schifsky and I grew up in the landscape construction industry. My father started a landscape design & build the company back in 1989. Before that my grandpa and great-grandpa started an asphalt company in the 1950s which is still around today.
I grew up working with my dad using heavy equipment and always wanting to tag along, going to work with him. I really didn’t care much for school, often times I would pick a window street in the classroom and stare out the window daydreaming about going to work or just being outside. Occasionally I would see one of the Schifsky trucks drive by.
Since the 7th grade, every summer I worked on one of the landscape install crews, in 2016 after I graduated, I was the foreman, running one of the crews. By 2019 I decided to start Schifsky Companies and a year later I bought out my parents’ landscape business. Today we have grown into a larger company with three different divisions. Landscape Design & Build, Excavation & Utilities, and Property Maintenance.
Throughout my short career so far I have always had an eye for real estate. Something about it has always interested me and I know it is one of the most common ways to grow your wealth. In April 2021 I bought my first piece of real estate. Ten acres of property north of the twin cities that serves as a rental property with storage space, a shop space and a residence that is all rented. After realizing throughout the following months how lucrative that can be, I ended up purchasing two additional properties in 2021 to total over 45 acres of land, with one mixed use commercial building, and a 35-acre minor subdivision project where I will sell four lots, and retain one of them as a rental investment.
Today I own and operate Schifsky Companies with my business partner and older brother Colton Schifsky. I also own a land development company (Schifsky Development) as well as a construction company (Arcola Construction) which I have my builder license registered with.
My goal is to build, and vertically integrate multiple companies that all work together in their own special niche. The land development company finds, purchases, and develops projects. Schifsky Companies builds the roads, and perform site works, and infrastructure for those projects, while Arcola Construction then builds the homes, or commercial buildings on the property. The long-term goal is to then build and develop multiple properties throughout the country and retain the best projects for myself as rental properties.
Would you say it’s been a smooth road, and if not what are some of the biggest challenges you’ve faced along the way?
The only road that is smooth is the roads we build and develop. Nothing about entrepreneurship is easy especially being in the trades, and construction world. by 2030 over 79 million people will leave or retire from the trades and construction world while only 41 million more will join. That means almost double the people will leave vs those who start in this industry to replace them. Finding passionate hardworking people to build out your team with is very difficult but it can be done.
We thankfully have not had any major issues that have been detrimental to any of our businesses yet. There are always issues with equipment not working, people not showing up, jobs behind schedule, or mistakes made. Those are inevitable, how you fix them or react to them is everything though.
Thanks – so what else should our readers know about Schifsky Companies?
My goal is to build and vertically integrate multiple businesses in the construction and real estate world. All these businesses will work together on certain projects and also help serve other clients as well.
Having experience in every piece of a development project really gives us the cutting edge. Most excavation companies bidding work for developers don’t understand the struggles or pain points of land/ real estate development, but we do since we are also a developer. This gives us the upper hand to help add value to developers when our construction or excavation company is bidding on work for other developers. We understand how important things are and oftentimes can help with the development process, in the early planning stages. Understanding how to layout a land development project efficiently from an excavation and dirt-moving perspective can make or break the whole development, so having a dirt guy only a phone call away that understands it never hurts.
The crisis has affected us all in different ways. How has it affected you and any important lessons or epiphanies you can share with us?
The Covid crisis was a huge help to our industry. People started improving their homes like crazy because they were spending more time there. Also dropping interest rates to record lows allowed people to refinance and pull cash out of their homes which they often spent on remodeling.
- Website: www.schifskycompanies.com | www.schifskydevelopment.com | www.arcolaconstruction.com
- Youtube: https://www.youtube.com/channel/UCkF7mcLYRCiccGDPbJHNsZg