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Tag: business consulting

Building a Sustainable Family Business with Wayne Rivers – [PowerTips Unscripted] Ep.17

According to the U.S. Bureau of the Census, roughly 90% of U.S. businesses are family-owned and the Remodeling industry is well represented by closely-held firms, typically started by a founder and then handed down through multiple generations. Family-owned businesses often run into obstacles and challenges, usually driven by “soft issues” such as communication, emotions, past

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How To Fire an Employee “The Right Way”

Letting an employee go is one of the most unpleasant parts of owning or managing a business. We all want our employees to be fantastic in their jobs… to be so wonderful that we never have to think about firing someone. But that’s not the real world, now is it? In today’s episode we’re going

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Crack That WIP – 8 Dangerous Data Entry Errors That You May be Making

During the recent Remodelers Summit in Minneapolis I gave two presentations on the finer points of WIP – or more specifically what I’ve noticed over years of studying the nuances of this incredibly vital and complicated tool. The majority of the information is relatively straightforward – but a few problems recur in many RA Member’s

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6 Things to Keep in Mind When Building Your Slippage Planning Team

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

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5 Mistakes Most Family Businesses Make

length 3:42 (not including bonus content) Are you part of a family business? If so, do you feel everyone in the family is on the same page with business goals or are you frustrated because everyone seems to want different things? Is the leadership of the business now and into the future clear and spelled

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6 Reasons for Having a Succession Plan

length 4:05 (not including bonus content) Have you ever thought about what will happen to your business when you’re ready to retire? Or worse, what if something happened and you weren’t able to work? The truth is that most remodeling company owners find themselves too absorbed in running the business to work on longer term

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The Secret to Getting a Great Deal on your Office

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

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The 3 Top Accounting Methods and the Lies they Tell

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

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