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
Advertisement
What Profit Margin Should Specialty Contractors Aim For?
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.
Should Remodelers Worry About a Homeowner's FICO Score?
Do FICO scores tell a homeowner's entire financial story? James Waite of Hearth weighs in on what home improvement pros should focus on when…
West Shore Home Implements $15 Minimum Wage
Home improvement juggernaut West Shore Home's new company-wide base wage doubles the legal minimum in nearly every state it operates
New Year, New PPP
Experts explain details of the second draw for the Paycheck Protection Program and answer lingering questions about taxability
Design-Motivated Kitchen Upgrades: Who's Buying?
JBREC's latest Kitchen Trends Report gives an inside look into who's most willing to replace kitchen elements for design purposes
Survey: More Than a Quarter of Homeowners Plan to Finance Remodeling Projects
Modernize survey reveals how homeowners are planning to pay for their remodeling projects
3 Financing Myths Busted
Remodelers often shy away from offering financing right off the bat, but doing so can generate new leads.
Lumber Prices Skyrocket During Pandemic
A 70% increase to softwood lumber products prices in single-family homes is landing first on contractors and then on to homeowners
Industry Data & Research
COVID-19 Tracker Wrap Up
Final thoughts on TFG and HIRI's weekly COVID-19 tracker and the reopening of the economy from three industry and economic experts
·
Remodeling Mastery by Mark Richardson: False Positives and the Impact of COVID-19
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