PowerTips | The Remodeler's Guide to Business

The Remodelers Guideto Financial Management


Looking for LEAN: Better Customer Experiences All Around You

Looking for LEAN: Better Customer Experiences All Around You

Creating a successful remodeling company, one that’s profitable year in and year out, isn’t easy. That’s where LEAN comes in. You can look to many well-known companies for signs of how they incorporate LEAN practices and principles into their processes — and how that positively affects the customer experience.  Every day, we experience situations that have processes that are anything…

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Posted in: Business Management, Financial Management, PowerTips

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Define Your Target Projects and Aim at Higher Profits

Define Your Target Projects and Aim at Higher Profits

The remodeling business is strong, and economists expect it to continue to grow. That’s great news, but are you taking on your most-profitable jobs? It’s easy to take a variety of projects right now, but if you’re not strategic about it, your bottom line might suffer. If you don’t know which projects make your company…

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

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[Podcast] Episode 32: Industry Insights with Rick Strachan

If you’re curious as to where the remodeling  industry is going and the key opportunities for the future, Rick Strachan of Hanley Wood has your answers. In this episode, Rick breaks it all down with Victoria and Mark, telling you what will drive growth, and how to face the coming challenges. You’ll get the big…

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

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[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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[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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[Podcast] Episode 27: How I Quadrupled My Revenue with Todd Jackson

Growing your company requires thinking big, developing innovative strategies, and taking risks. If you do it right, the results can be huge. Todd Jackson did it right, and quadrupled his revenue. In this episode, Victoria and Mark talk to Todd about how he achieved that success, and the details and work behind the big numbers.…

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

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[Podcast] Episode 25: Open Book Management with Ken Kirsch

The thought of showing your financials to your employees may be unsettling. We’ve known remodelers who are so leery of sharing their numbers, their field crews don’t even know their project budgets. But it doesn’t have to be that way, says Ken Kirsch, a proponent and practitioner of Open Book Management. In this episode, Ken…

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

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