We have many Remodelers Advantage members and alumni who are part of a thriving family business. Working with family can be both a fulfilling and frustrating experience not only for family members, but for your employees and clients as well. In today’s throw-back episode of PowerTips TV we take a closer look at five mistakes
For business owners, the tragic events unfolding before us in Texas prove the critical importance of having a disaster recovery plan. Ask yourself, “How would my business survive such a catastrophe? How would we continue to operate?” According to the Federal Emergency Management Agency (FEMA), 40% of businesses do not reopen after a disaster, and
As we close out Slippage Awareness Month and get ready to ramp up another season of PowerTips TV in the Fall, this week’s re-run episode focuses on how to insure you are pricing and estimating correctly by including ALL of your true project costs. Watch the video below to make sure you aren’t making this
As we bring Slippage Awareness Month to a close we look back on some solid information provided by our team here at Remodelers Advantage. Tim Faller led us off with a blog post on The Team Approach to Preventing Slippage and an in-depth webinar, “From Slippage to Grippage: How to Raise Profits Without Raising Prices”.
We are excited to announce that PowerTips TV will be returning this Fall! So to get you ready, we’re bringing back some of our best episodes over the past few years. Since we are in the midst of Slippage Awareness Month, we’re bringing back an episode focused on ways to control costs in production, “How
We are off to a great start with Slippage Awareness Month… We’ve heard from Tim Faller with his blog post last week and we are looking forward to his Live Webinar, “From Slippage to Grippage: How to Raise Profits Without Raising Prices” on Thursday, June 15th at 11:00am EST. This week we take a look
You’re probably sitting around thinking “Now that the year’s over what would Judith do with all this information?” Today’s your lucky day because I’ve been thinking the very same thing: after tidying up your Balance Sheet here are useful analysis you can do with year-end information. But FIRST, make sure your Balance Sheet accounts are
I’m just returning from Remodeling Excellence week in Kansas City where I not only facilitated two fantastic Remodelers Advantage Roundtables groups, but I also had several sessions during the week’s capstone event: The Remodelers Summit. As usual, I heard some fascinating stories and learned more about some of the unique challenges Remodelers face. Unfortunately, I also
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
In the first two days of August I had on-line meetings with four clients all in a panic because gross profit margin for the first six months of the year varied widely – from -55% to +104%. And they should be panicked – how can you trust your numbers with that kind of variance? You
