According to the U.S. Bureau of the Census, roughly 90% of U.S. businesses are family-owned and the Remodeling industry is well represented by closely-held firms, typically started by a founder and then handed down through multiple generations. Family-owned businesses often run into obstacles and challenges, usually driven by “soft issues” such as communication, emotions, past
It’s a pillar of our mission here at Remodelers Advantage… It’s a focus of many discussions at our Roundtables meetings… Work/Life Balance. Building a successful, profitable business but keeping an eye on how we live our life and being there for our families. Nothing can be more of a red flag than habitually staying late
As your remodeling business grows, you will no doubt be faced with issues along the way. We hear from many of our Roundtables members that HR issues can be a huge obstacle to growth and the day-to-day running of their respective businesses. Adding personnel quickly to meet demand and then attempting to manage the growing
There are few organizations that can impact a US based remodeling business like the Occupational Safety and Health Administration (OSHA)… Maybe the IRS, but that’s another episode. In Episode 4 of PowerTips Unscripted, Victoria and Mark speak with Ben Johnson about OSHA regulations, enforcement and how they can have a huge impact if not handled
Cyber Attacks and Threats only happen to the big guys, right? Banks, .COM Retailers, big corporations, right? Not so fast…. You’re at risk more than ever and it’s only going to get worse… The reality is that as the big companies spend millions on cyber security, the bad guys are now setting their sights on
Is this the scenario for your production meetings? People file into the room in about the same order each week. They sit in the same chairs or lean against the wall in the same place. They sit quietly while you “discuss” information that you think they will appreciate. Then you discuss each job and what
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
Earlier this week Rosie Romero’s PowerTips article focused on establishing a system for your company and that process relies heavily on meeting with your staff and getting their subsequent buy-in on making these changes. What happens if they don’t buy-in? How can you motivate change within your organization and get your team on board? This
Risk is an inherent part of all business — but it can be greater for certain professions, like remodelers. You must manage risk and mitigate bad situations. Use these 5 quick steps to start building your risk management plan. 1. Identify business risks. There are several types of business risks (preventable, strategic, external, etc.). Once
How do you release untapped potential in your company? What can be done to reduce errors and improve the productivity of all who work there? Why do some days just feel like it is one step forward and two steps back? The lack of clear roles and boundaries. That’s the reason. People end up doing
