What’s your niche? When I ask remodelers this question, most name an ideal type of project, such as kitchens, historic renovations, or windows.
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Business metrics provide objective data for making decisions that help you achieve your business goals.
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The price of just about everything is going up, from building materials to gas and food. But many remodelers' revenues are going down as jobs become scarcer and smaller.
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A line item on estimates covers the cost of miscellaneous materials.
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Are you doing award-worthy work? It all depends. There is a huge gap between remodeling companies that produce stunning results for clients and those that also produce stunning results for their business.
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Setting fees is relatively straightforward. Knowing how and when to raise them, however, can be a bit tricky. Costs such as labor, insurance, and equipment tend to rise steadily with occasional sudden spikes; materials are more volatile. If your fees don't account for that fluctuation, your profits...
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The MaxEquity buying group negotiates with manufacturers and retailers to provide rebates to remodelers based on their purchases. President Bob Sayre is a remodeler who decided to do something about the difficulty contractors have in competing with big box chains.
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Nobody likes bidding for jobs, but one northern New Jersey remodeler who prefers to remain anonymous has a method that helps him maintain some control. For the past five years he's kept a log of competitors' bids.
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Most estimators assume that eight hours on the jobsite are eight productive hours. With no job costing, you'll never discover how misguided that assumption is.
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By Sal Alfano. The data you collect throughout the year for each job holds a wealth of information about what aspects of your business are running smoothly and what parts are costing you money. In a perfect world, you would evaluate critical numbers weekly or at least monthly, but an end-of-year...