PowerTips | The Remodeler's Guide to Business

Archive for September, 2017

PowerTips TV Throw-back Thursday: “6 Reasons for Having a Succession Plan”

On Tuesday our PowerTips post covered some great ways to increase your company’s valuation if you are eventually going to sell your business. So we figured we would stick with that same line of thought as today’s PTTV Throw-back talks about Succession Planning, or how to plan for your sudden or eventual departure from your…

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Posted in: Business Management, Financial Management, PowerTips, PowerTipsTV

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For Sale: 5 Effective Ways to Increase Your Company’s Valuation

For Sale: 5 Effective Ways to Increase Your Company’s Valuation

Recently there’s been much discussion among our members about selling their remodeling business, or perhaps handing the business over to a 2nd or 3rd generation family member. These discussions are typically driven by a company’s founder or current owner who is nearing retirement age and wants to take advantage of the value they’ve built up…

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Posted in: Business Management, Financial Management, PowerTips, PowerTips Articles

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PowerTips TV Throw-back Thursday: “Repetition: the Mother of Branding”

In this week’s throw-back PTTV episode, I discuss the importance of brand impressions and making the most of those hard-earned marketing dollars. We look at a great way to increase your brand’s reach, lift your brand’s image and more! And as always, we love to hear from our PowerTips subscribers on effective ways that you…

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Posted in: Marketing, PowerTips, PowerTipsTV

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Job Description Creep: “and All Other Duties Required”

Job Description Creep: “and All Other Duties Required”

The phrase at the end of most job descriptions, “and all other duties as required” is one of the most dangerous expressions a remodeling company can include when looking for your next team member. While it is intended to capture any additional items that are not included in the overall description, it often has very…

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

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PowerTips TV Throw-back Thursday: “How to Avoid Costly Hiring Mistakes”

Hiring the wrong employee can cost more than the expense of hiring, training and on-boarding their eventual replacement. Your company’s culture is at risk and irreversible damage can occur and if the new hire is client-facing. In today’s throw-back PTTV episode, I take a closer look at the hiring process and even offer a free…

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Posted in: Business Management, PowerTips, PowerTipsTV

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Sales Myths & Excuses: Santa Claus, Tech Monsters, Quotas & More

Sales Myths & Excuses: Santa Claus, Tech Monsters, Quotas & More

“He that is good for making excuses is seldom good for anything else.” Benjamin Franklin At our Roundtables meetings members will sometimes use the term “head trash” and it typically means that an individual has comes up with an excuse, an unfounded thought or a weak reason why they can’t accomplish a goal. Remodelers often…

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Posted in: PowerTips, PowerTips Articles, Sales

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