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
After more than 30 years of working with remodelers around the country, I have encountered nearly every problem to confront a remodeling company: the dissolution of long-term partnerships, ineffective marketing tactics, sales systems that don’t produce results, unmotivated production crews, theft from overhead coffers, bankruptcy and terrible accidents on the job. On the other side,
In our last throw-back episode of the season, we take a closer look at Slippage and how it can destroy the profit margin your team works so hard to obtain. In order to keep it from becoming a recurring problem, we cover how to perform a “Job Autopsy” or a break-down of where things went
We talk with prospective members of Remodelers Advantage Roundtables just about every day, from all over the US and Canada… and a common theme in every conversation is the owner’s overwhelming feeling that they are “on their own” when it comes to figuring out how to succeed in this industry of ours. Clearly, we would
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
This week’s throw-back episode goes back to 2015, but the topic remains a top discussion point at almost all Roundtables Meetings here at Remodelers Advantage. According to a recent article in Fortune Magazine, “60% of contractors reported difficulty finding skilled workers in the third quarter of 2017 due to an ongoing skilled labor shortage…” and
As we recover and catch-up from Remodeling Excellence Week in Minneapolis we take a closer look at how to handle and digest the great information you gathered as well as how to capture and reach out to your new-found business leads and contacts. We found a great article from Robert Half International Inc. that gives
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
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
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
