PowerTips | The Remodeler's Guide to Business

Archive for November, 2012

Continually Learning to Improve Your Business

Recently, I met over 70 savvy renovation company owners and staff who attended the first RenoSummit held in Vancouver and Calgary. I was joined by Robert Koci, associate publisher of Canadian Contractor magazine, Paul Winans as we led a series of sessions focused on critical areas of business management including creating a plan for profit,…

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Posted in: Business Management, Marketing, PowerTips, Sales

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Keep Your Cash Flow Boat Afloat

Good cash flow and profitability are two different entities and often do not coincide. Let me give you an example. Months of heavy construction volume mean you have the need for lots of cash to pay your labor and job costs. Often, draws do not keep up so while you may be earning profit you…

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Posted in: Business Management, Financial Management, PowerTips

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Managing for Accountability

You probably feel that you shouldn’t have to “babysit” your employees. After all, the people that have been hired are all professionals. They know what has to be done. They don’t need monitoring, right? Is this a realistic . . .or an effective point of view? Remember, there’s a big difference between being a good…

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Posted in: Admin & Human Resources, Business Management, PowerTips

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Creating a Structure of Governance that Works

Again and again as I consult with remodeling companies, I recommend the same action to cure many of their ills. And again and again, they report major improvements when they follow this relatively simple advice. The problem is that many of the companies have outgrown their management structure and yet have staff on board -…

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Posted in: Admin & Human Resources, Business Management, PowerTips

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