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Posts Tagged financials

Judith Miller’s Top 4 Accounting Resolutions for 2018

Judith Miller’s Top 4 Accounting Resolutions for 2018

Happy New Year! Although I typically don’t make New Year’s resolutions, I want you to make some; these are all guaranteed to make your life better by improving your remodeling business and by making your financials for December more accurate. AND, even better, the numbers you enter for your Roundtables Spring Focus Packet (due February…

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Posted in: Financial Management, PowerTips, PowerTips Articles

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Your 2017 Business Analysis: Use the Right Formula

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…

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

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9 Rapid Response Steps to Handle Cash Flow Issues

9 Rapid Response Steps to Handle Cash Flow Issues

Cash flow issues can be very challenging to manage. They can show up unexpectedly. They can come on very quickly. They can distract the business owner from the important work he or she should be doing. They can disrupt the ability of the company to get a project done. And in their most severe form,…

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

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There is No Such Thing as a Cash Flow Problem

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…

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

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The Path to Higher Profit: Strong Leaders & Good Numbers

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

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PowerTips TV Throw-back Thursday: “How a Job Autopsy Can Save Future Profits”

In our last throw-back episode of the season, we take a closer look at Slippage and how it can destroy the profit margin your team works so hard to obtain. In order to keep it from becoming a recurring problem, we cover how to perform a “Job Autopsy” or a break-down of where things went…

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Posted in: Admin & Human Resources, Business Management, Financial Management, PowerTips, PowerTipsTV, Production

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Crack That WIP – 8 Dangerous Data Entry Errors That You May be Making

Crack That WIP – 8 Dangerous Data Entry Errors That You May be Making

During the recent Remodelers Summit in Minneapolis I gave two presentations on the finer points of WIP – or more specifically what I’ve noticed over years of studying the nuances of this incredibly vital and complicated tool. The majority of the information is relatively straightforward – but a few problems recur in many RA Member’s…

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

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