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”.
Loss of revenue is a critical issue for any business, but in my experience, the biggest problem with slippage is the effect it has on morale within the company. Of course, it hits the owner of a remodeling business hard because it is money out of his/her pocket, but it effects the entire team because
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
You do want to know your gross margin every month in 2016 – right? That’s a critical metric to watch as it defines your sales success and production efficiency: raise your rates and your margin goes up, increase labor productivity and margin goes up. Good stuff! Now, IF you want the very most accurate gross
length 4:19 (not including bonus content) Your office space is one of the longest term overhead expenses you’ll ever take on. You shouldn’t have to go it alone! In this week’s episode, I’ll share the secret ingredient to not overspending and getting a great deal on your company office. Are you less than confident that you
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
Have you ever lost money because you didn’t manage the change order process effectively? In a perfect world, your original plans are clear, and the job will be produced as planned and with zero modifications. However, since that rarely happens I thought it would be a good idea to explore this under-appreciated topic. In this
Have you ever wondered if you’re paying your field staff fairly? Are you worried that you may not be getting the superstars on your staff? There’s a small and very common mistake that’s made by even multimillion dollar remodeling companies that can dramatically impact these issues. In today’s episode of PowerTips TV, I’ll share what
