PowerTips | The Remodeler's Guide to Business

Archive for August, 2018

[Podcast] Episode 31: How to Successfully Use Cost-Plus Pricing with Josh Baker

The Cost-Plus Pricing model seems to go completely against common sense, but it’s a concept that we’re getting more questions about from our membership. One contributing factor is that consumers increasingly demand transparency when purchasing products and services — and homeowners are coming to expect it when undertaking a remodeling project. But so many remodelers…

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Posted in: Business Management, Financial Management, Podcast, PowerTips, PowerTips Unscripted, Sales

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4 Strategies to Save an Under-Performing Employee

4 Strategies to Save an Under-Performing Employee

As difficult as it may be to find, hire and train good employees in today’s competitive marketplace, a solid strategy of how to handle under-performing employees can be critical to building an effective team. Keeping the adage “Hire slowly & fire quickly” in mind, are we pulling the trigger too soon? Are there employees who…

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

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[Podcast] Episode 30: How to Create a Financial Plan with Sacha Millstone

Business plans, marketing plans, any plan serves as a map to a goal. Your financial plan is no different. You need to set your goal, write it down, and commit to it. Our Roundtables members do this regularly for their businesses. But too many people get anxious when it comes to looking at their personal…

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Posted in: Business Management, Financial Management, Podcast, PowerTips, PowerTips Unscripted

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Survey Results: What You Told Us About Hiring and Training Project Managers

Survey Results: What You Told Us About Hiring and Training Project Managers

Finding, hiring, and training great employees is critical to your success. But it’s hard, and getting harder. I hear it all the time when I’m working with remodeling companies. I’m supposed to have some of the answers to those problems. But it’s been a while since I’ve hired and trained anyone myself, so I wanted some real-world data from a…

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

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[Podcast] Episode 29: How to Build an Award-Winning Company with Jeremy Martin

Success in the remodeling industry is all by the book for Jeremy Martin. That goes for the 50 books he reads per year, and the systems and business processes he institutes and uses at his company. And most importantly, those two factors culminate in “The Book” — the three-ring binder filled with details and documentation…

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Posted in: Leadership, Podcast, PowerTips, PowerTips Unscripted, Production

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Make It an Event! Throw a Party Mid-Project

Make It an Event! Throw a Party Mid-Project

Remodeling is a deeply personal business, and getting out of the office and creating relationships lifts you above your competition. Event marketing is a key way to boost your profile, reconnect with past clients, meet interested prospects, and generate more leads. A booth at your regional home show is one of the more obvious examples…

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Posted in: Marketing, PowerTips, PowerTips Articles

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[Podcast] Episode 28: The Dos and Don’ts of Implementing Technology with Donny Wyatt

Technology is critical to boosting efficiency and ensuring scalability for remodelers and builders, but tech isn’t the answer to everything. It’s hard to know where to start, and what problems tech can solve for you. Too often, you purchase an expensive program, people don’t use it, and it gets shelved. In this episode, Victoria and Mark…

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Posted in: Business Management, Leadership, Podcast, PowerTips, PowerTips Unscripted, Technology

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