Tag Archives: budget

How to Properly Calculate a Change Order

Change orders are tough. It’s hard to get everyone on board, and challenging to get paid the amount you really need to for the business. It would be nice if there weren’t any, but the nature of remodeling means they’re a necessity on most projects. But you could be losing money in a way you’re […]

5 Keys to Strategic Planning for Your Remodeling Business

It’s that time of year again — when we look back to see what worked and what didn’t for your business, the good decisions made and others you’d change. Did this year bring the success you’ve been building toward or was it a challenging year that fell short of your goals?   But it’s also time to look forward. To figure out and […]

Movin’ Out: Signs It’s Time to Leave Your Home Office

With work booming, many remodeling companies are in growth mode. If you’ve been working out of a home-based office, it may be time to fly the coop. No one wants to spend money on rent or another mortgage if you don’t have to, but if working out of your home is limiting your company’s growth […]

It’s Halftime: Reviewing Your Company’s Mid-Year Performance

You lead a team of remodeling-industry professionals. You all set out to make this a great year for your company — a victory — and now it’s halftime!  Take the opportunity to head back into the locker room (or your office) to review your business goals and look ahead. Will 2018 be a win? What strategies will you use in the second half to […]

Your 2017 Business Analysis: Use the Right Formula

As your team looks at results from 2017 and makes plans to improve in 2018, interpreting data is at the core of any well-run business analysis. You use historical data to predict your company’s future, create budgets, build marketing plans, and more. Sales close rates, customer acquisition costs, website bounce rates, the list goes on […]

There is No Such Thing as a Cash Flow Problem

Well, how could that be? If you have more bills to pay than money to pay them, isn’t that a cash flow problem? My guess is that if you are a business owner who has ever faced that situation at any point in your career, you would most definitely have considered it a problem. In […]

The Path to Higher Profit: Strong Leaders & Good Numbers

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, […]

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