Have you ever said “I know I should understand my financials but they just don’t interest me?” Have you even thought it? Admit it, probably! Owners of most remodeling companies came from design or production backgrounds, few from accounting. In fact the simple term “job cost accounting” recently caused looks of disdain and disgust among
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
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
With the kids back in school, I can’t help but wonder where the dog days of summer went and what does this year’s winter have in store. Just thinking about it makes me shiver. Recent winters have given us some of the harshest weather we’ve seen in decades. Everything from massive snow storms to
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
Business owners are experiencing all sorts of feelings after the Department of Labor announced the proposed overtime expansion rules this month. Whether those feelings are good or bad, for or against, it’s time we had a conversation about it and discussed some possible effects. A brief overview of the proposed new rules: The salary threshold
length 3:49 (not including bonus content) Have you ever considered working with architects as a way to grow your business? Architects can be a tremendous source of profitable projects, but only if you approach this group of professionals effectively. In today’s episode, I’ll share how to craft a message that separates you from the pack
Last week I explained what our company did to ensure that we would be every subcontractor’s favorite remodeling contractor to work for. I also listed the actions we took at our subcontractors’ requests to ensure we attained and maintained a strong relationship. If you missed the article, you can read it here. In the past,
We all have them, those partnerships that are critically important to the successful conduct of our remodeling business: supplier, bank and subcontractor relationships just to name a few. I’d like to argue that the most critical of these three are your subcontractor relationships because a representative of the subcontractor is invariably on one of your
When I run a Remodelers Advantage Roundtables meeting or work with a remodeling company on-site one of the questions that I ask of all the attendees as part of ice-breaking efforts is: “When did you get your first job?” More often than not most of the people in the room started working in their mid
