Financials
Financials
Business financials advice, reports, and trends for professional home builders and remodelers.
Business
4 Steps to Prep Your Business for Contraction
How a remodeling company plans ahead for the worst of times (and the best of times)
Leadership
Creating a Company Fire Drill: How to Prepare for the Worst
A disastrous fire could have been a lot worse if the business wasn’t prepared for the unexpected
Women at WIRC
The Fundamentals of Growing Profitably
On this episode of Women at WIRC podcast, Nip Tuck Remodeling Owner April Bettinger shares how she plans for her company's profitable growth
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Is It Your Money? The 'Percent Complete' Method to Track Revenue
For longer projects, percent-complete accounting is the best way to track revenue and gross profit
Cost to Complete: Protect Your Remodeling Business’ Gross Profit
Protect gross profit by regularly comparing estimated to actual costs, line by line
Unpaid Invoices: Net Never?
The best way to manage unpaid invoices is not to incur them to begin with. But that's far easier said than done.
No Need to Compare Contractor Markups
According to remodeling business coach Shawn McCadden, comparing contractor markups can be pointless and very risky. “The decision about what costs…
Sales: When Sales Incentives Should Be Based on Profit, Not Revenue
Should your business make the switch?
Finance: The Contractor’s Formula to Success for Good Times and Bad
Overhead cost increases during economic growth spurts should be treated as temporary
Contractor Coach Advises Against Xactimate Insurance Claim Estimates
The insurance claim software Xactimate has not updated its algorithms to match the escalated material and labor prices, argues contractor business…
Sales: Being the Best Is Better Than Being the Cheapest
According to Entrepreneur.com contributor Mike Templeman, business founders often end up pricing their product toward the bottom end of a range to be…
Money: How to Grow Your Remodeling Business Past $1 Million a Year
Planning your business’s growth is like planning for a remodeling project
Economy: Home Remodeling Growth Decelerates in 2015, Harvard Study Reveals
Analysts attribute the projected deflation to weakening home sales last year.