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NARI would like to wish its members, partners and other industry professionals a safe and happy holiday season. As we reflect on the past year for the industry, we would like to provide the readers of the NARI Newswatch a look at the most accessed articles from 2019. Our regular publication will resume Wednesday, Jan. 8.
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Remodeling Mastery Podcast
From May 15: This episode of Remodeling Mastery gives us a much-needed look at something all business owners are intimately familiar with: stress. Contractors today experience stress at levels higher and in ways more complex than ever before. Not managed properly, it can suck the joy out of your business and make effective problem solving near impossible. So what’s a business owner to do when things are threatening to spiral out of control? That’s what Mark Richardson is here to talk about.
And follows it up with an interview with Rick Wuest, President and CEO of Thompson Creek Window Company.
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We provide a simple and friendly solution for your dumpster needs. You can depend on our delivery experts for reliable on-time Pickup and Delivery, protect the driveway, and also sweep up after - making you look good.
Visit www.bintheredumpthatusa.com to find your local operator. Don't risk your reputation with someone else.
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Score
From March 6: In this webinar, you’ll learn what's new on your 2018 return, what you can do to lower your tax bill, questions to ask your CPA or tax adviser and more.
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PowerTips Unscripted
From April 24: Your reputation is your most valuable business asset — but don’t think for a minute that doing high-quality work and providing top-notch service is enough to make and keep it spotless. The Internet has made it all too easy for people to publicly tarnish your good name — quickly.
Take the initiative, and manage your reputation proactively. It doesn’t matter what you do, as long as you do it.
Listen Now
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Broan took recessed lighting a step further by incorporating powerful, quiet ventilation in the same design. These fan/lights disappear into the ceiling and match perfectly with other recessed lights. Whether a bathroom, closet, or high-traffic family room, Broan helps keep any space fresher and comfortable.
Learn more at Broan.com
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Mark & Profit
From Nov. 6: The client's note is a painfully perfect example of why you shouldn't provide details on your pricing; you're just giving ammunition to the client to use against you. I've talked about this before, you can read a few of those articles here and here. Quote a firm fixed price for your work and learn how to sell.
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Qualified Remodeler
From Sept. 11: In a recent article, I stated that a well-run specialty home improvement company, which sells a single product line such as replacement windows, roofing, siding, or a combination of these or similar products, should target to earn no less than 10 percent pretax net profit.
A general remodeling company should plan to earn no less than 5 percent to 6 percent pretax net profit.
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Remodeling Mastery Podcast
From April 3: Few players in the remodeling space are strangers to the cash crunch. It’s practically built into the business: Cash flow goes up and down due to seasonality, remodeling trends and changes in the greater economy, among other factors. But one thing that separates successful businesses from those that lose track of their goals is their commitment to making cash flow a priority. In this episode of Remodeling Mastery, Mark delves into the how's and why's of cash flow: why it matters so much, how much cash you should have on hand, ways to improve your cash flow and more.
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Remodeling Mastery
From Nov. 6: Preparation is key to the success of every business. We’ve experienced 10 years of growth in the remodeling industry, so it’s only sensible to start preparing for an eventual softening of the market. In this episode of Remodeling Mastery, Mark gives suggestions and insights that will help you prepare for a softer market. Tune in to learn 7 tips that will help increase the resilience of your business. LISTEN NOW
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Miracle Sealants Levolution is a revolution in Tile Spacing & Leveling Systems for all tiles, especially large format tile. Levolution is an all in one system that can be used for both floor & wall installs. This system is recognized by industry professionals for its best performance. Levolution has the least expensive component cost per square foot and saves up to 51% in labor over other systems.
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Remodeling Mastery Podcast via Surefire Local
From April 27: What does it take to be a successful business? Definitions of success will vary, but to Mark, it’s having as many of the puzzle pieces as possible. In this episode of Remodeling Mastery, he shares 10 of these “puzzle pieces” gleaned through his writing and observations of the marketplace to help you take your business to the next level. Listen Now
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Set up a ZipWall® dust barrier up to 20’ high in just a few minutes – no ladders, no tape, no damage! Telescoping spring-loaded poles are easy to set up. Zippers, doors, barrier seals, mats and other accessories provide complete dust barrier solutions. Learn More
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Qualified Remodler
From March 20: Sadly, most remodeling business owners will either never retire or will eventually shut down their business after their physical and/or mental health fails. I don’t think they plan for it to happen that way. The fact that they never proactively planned for retirement is probably the most common reason they never will be able to do so.
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Markup and Profit
From July 10: There are risks involved in signing a contract that limits you to a 10% overhead and profit on additional work orders. A note we received recently:
"I have a question. Many of the projects we have contracts on, with a GC or a CM, are with Colleges and Universities. It is written in the contract specs that you can only have 10% OH&P on any change.
Recently one of our projects that we already have a contract on put out an ASI that asked to add flooring in every office and corridor in several stories of the building. This ‘add' is worth significantly more than our contract. I am being told that I have to stick to the 10%.
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7701 Las Colinas Ridge, Ste. 800, Irving, TX 75063
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