The skilled labor shortage is a challenge we hear far too often about in our industry. In many cases we have asked “What are you doing about it?” and for many, it has been very little. It’s tough for business owners to take this on themselves because of the finances and resources needed to tackle
We usually focus on production issues like getting good help, working with trade contractors, change orders, etc. In this episode, we change things up and tackle a more general business topic, running debt-free. We are fortunate enough to have a returning guest join us for this discussion. Wally Staples was on Episode 72, talking about
For the last decade (pre-COVID), the demand and lack of skilled labor may have slowed production and increased housing costs more than any other factor. This condition is not new to the U.S. housing industry; the nation faced similar conditions at the founding of the country, and the evolution of the U.S. education system and
Meeting the growing need for a qualified workforce in the remodeling and home building industries has evolved into seeing the ideal worker as coming from a range of backgrounds but with a common interest. In this episode, Tim and Steve welcome Home Builders Institute (HBI) President and CEO, Ed Brady, who explains the breadth of
With so many businesses in transition, now is a great time to be looking at your company’s organizational structure. If you have had to hire, fire, or move team members from one department to another, an “org chart” can ensure you have every base covered. Here is a video from our PowerTips TV channel that
Congratulations on Reaching 100 Episodes! To celebrate this milestone, we’re changing up the format, turning the tables and featuring our Host, Tim Faller! In this episode of the Tim Faller Show, Steve interviews his co-host and explores Tim’s background as a lead carpenter, business owner and his transition to a trusted advisor and sought-after industry
Training to help move team members up the ladder is important to any remodeling company and its ability to move fast and make money. Chris Peterson has seen the importance of training from his first days in the field as a carpenter through to his present leadership position. He says it’s a concrete way to
We talk a great deal about ways to beat the labor shortage, including the importance of training and education in keeping good employees. We’ve also discussed how to promote the trades as an attractive career choice. There’s a third component — finding the right people. And that may mean changing your thinking about what, or
Between 1950 and 2010, the use of the term “company culture” has doubled — Tim looked it up. But for a lot of people, it’s still a bit of a mystery. You hear about having a good culture, but it can be hard to quantify. Often, remodeling companies can have a great culture in the
Money isn’t the only way to motivate your team, but profit sharing can boost morale, productivity, and help attract and keep good production employees. Profit sharing can be engineered into the budget so there will be funds to distribute. As long as you hit the gross-profit margin, you can set up profit sharing, says Shawn
