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Financials

Profit Margin

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The problem with hoping to break even with a meager profit percentage is that it sets precedence. There’s no goal in mind, so there will be no goal to drive a team toward.

minimum-wage-gains-west-shore-home-remodeling-home-improvement

Home improvement juggernaut West Shore Home's new company-wide base wage doubles the legal minimum in nearly every state it operates

PPP program can help remodelers in 2021, also new tax guidance from SBA

Experts explain details of the second draw for the Paycheck Protection Program and answer lingering questions about taxability

kitchen trends report gives insight into who is buying remodeling upgrades

JBREC's latest Kitchen Trends Report gives an inside look into who's most willing to replace kitchen elements for design purposes

homeowners can find financing options through their remodeling home improvement contractors

Modernize survey reveals how homeowners are planning to pay for their remodeling projects 

Financing options in remodeling

Remodelers often shy away from offering financing right off the bat, but doing so can generate new leads.

softwood lumber prices are up and it could hurt remodelers

A 70% increase to softwood lumber products prices in single-family homes is landing first on contractors and then on to homeowners 

Final thoughts on TFG and HIRI's weekly COVID-19 tracker and the reopening of the economy from three industry and economic experts 

Mark Richardson shares insights into five false positives remodelers should have on the radar, and discusses the impact COVID-19 is having on the remodeling industry with Harvard's Kermit Baker

robi kirsic

NARI Chairman Robi Kirsic helps businesses find their way through the global pandemic

remodelers can use these examples to help maximize profitability

Use these flowcharts to gain insights into your company’s staffing and the role of each team member

covid-19 is affecting remodelers

BJ Werzyn, whose company operates in several states, explains how he was able to protect his business in the early days of COVID-19 in the US, and how his executives are using Facebook to stay engaged with worried employees

covid-19 is affecting remodelers

Home improvement veteran Brian Gottlieb shares advice on shoring up your business's finances and explains why remodeling is essential in these times

covid-19 is affecting remodelers

Veteran remodeler Vince Nardo shares budjet and staff adjustments his company's had to make 

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.

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