In the fall of 1965, Dodson transferred to Angelo State College where he met an individual who would change his career goals and life. One afternoon, Dr. Ferris Grooms, Professor of Accounting, approached Dodson as he was leaving football practice and encouraged him to major in accounting and pursue a career in public accounting. Dodson embraced Dr. Grooms’ advice and changed his future career path. While completing his degree, Dodson was a founding member and officer in the business fraternity, Delta Sigma Pi. During his senior year at ASC, he worked for the San Angelo CPA firm, Cherry, Eckert, & Story. After graduation in 1967 with the first four-year graduating class, Dodson joined the Dallas office of the International “Big 8" CPA firm of Peat, Marwick, Mitchell & Co. He was elected a partner of the firm in 1978. During his tenure at Peat, Marwick, Mitchell & Co., Dodson completed the Executive MBA program at Stanford University, managed the southwest region Real Estate and Private Business practices, and headed up the southwest region college recruiting efforts. Governor William Clements appointed Dodson to the Task Force on Small Business and he served as Chairman of the Capital Formation Sub-committee. He also served as a Visiting Lecturer at the University of Texas at Austin.

Dodson represented the Dallas Mavericks Basketball Club and performed various consulting work for the Dallas Cowboys Football Organization, including assistance with signing Free Agents. Dallas Cowboy players he represented included Harvey Martin, and Mel Renfro.and Billy Jo Dupree, whom he was featured with in an article in Inc. Magazine. Dodson resigned from Peat, Marwick, Mitchell & Co. in 1982 to form Dalcor Companies. As Chairman and CEO of Dalcor, Dodson has built a company with annual revenues over $50 million and assets of over $300 million. Dalcor owns and manages more than thirty apartment communities with more than 10,000 units throughout Texas. Dodson is active in various real estate industry groups and has served on the National Multi-Housing Council Board of Directors.

Dodson and his wife, the former Sherry Vincent of Bolivar, Tennessee, have three children, Ron, David, and Channing and one daughter-in-law, Jody (Mrs. Ron) Dodson and are active members of the Prestonwood Baptist Church.