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How Do You Measure Up: Benchmarking Net Profit

How Do You Measure Up: Benchmarking Net Profit

Information is power, and powerful, when you’re trying to run and grow your remodeling business. So you carefully track your numbers and your data. You can measure your year-to-year progress that way. But how do you stack up against other remodeling companies? To truly gauge where you are now, where you want to be, and…

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

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[Podcast] Episode 58: How LEAN Principles Have Improved My Business with Paul Kowalski

We’ve talked about LEAN before on the show with our own experts, but you may wonder what it looks like in the real world. Today we’ll hear about using LEAN in the remodeling business from an award-winning design-build company that focuses on residential remodeling. In this episode, Paul Kowalski shares his experiences in applying LEAN…

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

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[Podcast] Episode 53: Growing a Company from Stage 3 to Stage 4 with Jef Forward

There are five stages of company growth, according to Judith Miller, one of our consultants and facilitators. Transitioning from Stage 3 to Stage 4 is one of the more complex. It takes a substantial shift in the owner’s responsibilities and skill sets. It can result in a much higher job satisfaction level, financial return, and…

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Posted in: Admin & Human Resources, Business Management, Financial Management, Podcast, PowerTips, PowerTips Unscripted

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[Podcast ]Episode 50: LIVE from the Extreme Business Makeover in Baltimore

For our 50th episode, we gathered a panel of industry experts and took questions from the audience at the Extreme Business Makeover in Baltimore at the the end of January 2019. It capped off an intense two days of learning, sharing, and networking among the remodelers attending and our Remodelers Advantage team. In this episode,…

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Posted in: Admin & Human Resources, Business Management, Financial Management, Podcast, PowerTips, PowerTips Unscripted, Production, Sales

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[Podcast] Episode 49: How, Who, and Why to Build a Leadership Team with Steve Barkhouse

You’re not running a successful company unless you have a good work/life balance. But there’s only one way to sustainably grow your company without sacrificing your life, and that’s by having a strong leadership team. Steve Barkhouse stops by to give Victoria and Mark a crash course in how and why you should have a…

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

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Checking the Economic Forecast for Remodelers in 2019

Checking the Economic Forecast for Remodelers in 2019

The remodeling industry is enjoying a business boom and tremendous growth. But there are few warning signs that your roll may slow some in 2019, and there are factors to take into account as you work your business plan this year. Rising prices will complicate the continued growth of the remodeling market — analysts say…

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[Podcast] Episode 48: How to Hit Healthy Net Profits in any Economic Climate with Mike Medford Sr.

One of our core principles is that remodeling companies should make a good net profit, after paying the owners an above-average salary. When the economy’s booming, you can get away with a lot and still hit those goals, sometimes by accident. But the goal is to get those healthy net profits consistently, year after year,…

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

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