PowerTips | The Remodeler's Guide to Business

Posts Tagged success

PowerTips Book Recommendations: February 2019

PowerTips Book Recommendations: February 2019

Every week we ask our PowerTips Unscripted guests to name their favorite business book, and the choices can be surprising — either because they’re new to us or because they’re old favorites that are worth reading again.    Mike Medford Sr., Medford Design Build The Power of Positive Thinking, by Norman Vincent Peale Mike’s pick…

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Posted in: Book Recommendations, Business Management, Leadership, Marketing, PowerTips, PowerTips Articles

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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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5 Keys to Strategic Planning for Your Remodeling Business

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…

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

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Tap Your Sales Skills to Make Your Relationship Better

Tap Your Sales Skills to Make Your Relationship Better

The idea of selling something feels sort of dirty to a lot of people, especially if you’ve been on the wrong end of a heavy-handed salesperson. Getting your arm twisted until you succumb and make the purchase. Promises made that turn out to be empty about the benefits of buying something. Ugh! But good sales…

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

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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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A Leader Nonetheless: Finding the Right Style

A Leader Nonetheless: Finding the Right Style

Leaders aren’t all the dominant, decisive types we normally think of. I meet many types of business owners in the remodeling industry. Their leadership styles vary, but regardless of the style, successful companies need strong leaders. Recently, I worked with an owner, let’s call him Bill, to find his leadership style, and many of the issues I found are more common than you might think.  Where to…

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

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