Financials

covid-19 has been affecting remodelers across the country

Remodelers and industry insiders describe their COVID-19 experience and response

remodelers can use these online resources to help their cash situation

SBA adds programs for businesses impacted by COVID-19

SBA offering emergency loans for small businesses hurt by COVID-19, including remodelers

The risk to small businesses is so great that not only is SBA offering relief, but other organizations like Facebook have pledged grant money to help those businesses in need. 

The Small Business Association will help small businesses severely affected by COVID-19 with access up to $2 million in loan assistance

It’s crucial that you see your time as just as valuable as the client’s. If a homeowner doesn’t agree with that concept, they are probably not a good fit for your company.

Free estimates hurt your company in multiple ways 

Recent consumer research by Synchrony reveals that people are streamlining their product purchasing patterns. Are you curious about what the data reveals regarding what consumers are looking for to help make their buying decision more quickly? What does this mean for the home improvement contractor?

early payment discounts can pay off pro remodeler

You bet they are. In fact, you can borrow to pay in time to get the discount and still come out ahead.

You probably get work from past customers and referrals without really trying. Imagine what might happen if you leaned into it.

remodeling has been experiencing a soft market

A soft market means that there are more remodelers than available clients. Don’t let you or your team get caught unprepared.

Some remodelers are having a good year, but there are storm clouds on the horizon

insurance audits for remodelers determines risk

An insurance audit is your carrier’s way of determining how much risk they insured over the past year, and often includes a close look at your company’s sales and payroll numbers.

Why taking a second look at your insurance audit is worth the effort

Growth in volume measures growth in transactions, but no one goes into business just to maximize transactions 

accountant

Whether completed internally odr by an outside accountant, a budget that supports your market position is key to achieving your income goal.

Many remodelers underbid their projects. Here’s how to remedy that. 

To price a painting by the square foot reduces an act of imagination and skill to paint-by-numbers. Take-it-or-leave-it pricing does the same for remodeling.

Florida Home Improvement Associates chooses Texas remodeler Statewide Remodeling to start its national expansion

Two thirds of consumers today find a company untrustworthy unless its website has some form of pricing transparency.

And 5 tips for embracing it in your own remodeling business

women tend to spend more long-term than men for remodeling projects

Forty-three percent of women consider themselves the “sole decision-maker.”

And two other interesting remodeling facts from HomeAdvisor’s latest report

the shape of a room can affect price in remodeling

Unit pricing is an invaluable tool for fast, accurate estimating. But counting units is not the same as estimating. Make sure your estimator knows the difference.

blockchain could change remodeling with smart contracts

The contract of the future could be a blockchain-verified digital document with embedded, executable code 

A 5% discount couldn’t hurt that much, could it?

How becoming transparent has freed our company and increased close rates 

dreammaker franchise owner survived recession and gives advice

In 2007, DreamMaker Ogden won Franchise of the Year for their concerted effort to help veterans and seniors with special needs remodel their kitchens and baths. Nate Coombs (middle) was in a sales role at the time, where he worked under his father and learned firsthand how a tanking economy can disrupt the remodeling industry.

Four DreamMaker remodelers share what they learned from surviving the recession

Should you cash a final check marked “paid in full” if you dispute the amount that’s owed?  

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