The market is hot and, if you’re like most remodeling company owners, you’re ready to jump on every opportunity that comes your way. I realize that most company owners want (and need) to grow. After all, if you’re not growing, you’re likely losing market share to other, more aggressive companies. But be careful! I’ve seen many companies
It’s the holiday season, and that means parties, outings and more for you and your staff. While these events can be wonderful team building events, if not planned correctly, they could also be Petri dishes for legal problems. Here are some things to think about before you throw that awesome party. Are Employees Paid to
Unless your business has piles of cash available there will—at some point—probably be a need for a short-term or long-term cash infusion to get through. Before approaching a lender for either a loan or a line of credit, first and foremost, your company house must be in order. To successfully approach any financial institution for
You don’t need a huge transformation in your remodeling business to see a huge transformation in the results you achieve. In fact, improving productivity and efficiency by only a few percentage points can rock your business world—in a good way. This is what we demonstrate to remodelers the first time they work with us, either
Few remodeling company owners spend enough time planning for their company’s future. Many are so busy running the business that they can’t imaging taking time away to strategize about how they will move forward – so they simply don’t’. Others don’t see the importance of planning so they don’t make it a business priority. Steve
Keeping track of your revenue and expenses can be very time-consuming and even confusing. How can you accurately determine what your budget is, how much your expenses are eating into your profit and how to budget for a future project? At its core, the biggest problem remodelers face when it comes to understanding how to
Every company has some conflict with clients from time to time. The way your team handles these occurrences can mean the difference between creating a loyal client for life and a disgruntled homeowner who will spread their dissatisfaction throughout the community. Seek first to understand, and then to be understood. Stephen Covey, Author There are
In the last issue, we discussed the simple secret to capturing business from repeat customers. This week, I’d like to focus on the second source of your database goldmine — referral leads. The Importance of Referral Leads According to a survey conducted by the National Association of Home Builders (NAHB), professional remodelers attribute 37 percent
A myth exists in the remodeling world that repeat business and referral leads will come to you without you lifting a finger. Too many remodelers believe this myth and spend all their effort and money trying to look outside of this valuable community for business. The sad thing is that these outside sources typically deliver
Building a successful remodeling business is not solely on you. It’s a team activity. It takes the input of many people, working toward the same goal, to reach high performance. A sports team is only as good as its weakest player; similarly, a remodeling company is only as good as its weakest employee. This means