Budgeting

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Do the Math: Digging a Hole With Discounts

A lot of contractors answer customer price objections by offering discounts. But it's hard to recover money that you've given away. More

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Do the Math: The Breakeven Formula

How much revenue do you need to cover overhead expense? In this short video, we... More

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Are You Charging Enough for Labor?

There are plenty of ways to lose money in the construction business, and one of the easiest is under-charging for labor. More

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Your Business: Finances
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Do the Math: Markup and Margin

You hear these terms used interchangeably, as if they were the same. As dollar... More

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5 Steps to Start 2014 Right by Getting Your Financials in Order

A clean, well-organized slate can do wonders for your operation More

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Begin Business Budgeting With the Personal

Are you master or slave to your company's budget? REMODELING consultant Paul Winans suggests you ask yourself these six personal questions to help assure you draft a 2014 budget that achieves what you want most. More

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Cheapskate Challenge: Money-Saving Ideas You Wish You Thought Of

Everyone is looking for ways to save money. These remodelers came up with some... More

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One Family Business, Two Divisions, and a Revenue Problem. What to Do?

Can you help solve this problem? Two brothers run a single remodeling company that consists of two related but distinctly separate businesses, with each of the brothers controlling one of the two subfirms. The company combines revenue from the two sides and then splits the profits equally between the brothers. But one year, one of the businesses experiences unprecedented growth and revenue. Now what? More

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Build Compliance Into Your Benchmarking

When you contemplate which benchmarks to use to measure your remodeling's progress, don't forget to include focusing on compliance and legal issues, Richard Feeley says. Omitting them could cause you to overlook several important foundations to success. More

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