Financials
Financials
Business financials advice, reports, and trends for professional home builders and remodelers.
Remodeling Spending To Tick Up Through Mid-2025
The Leading Indicator of Remodeling Activity report says things will trend up after a modest downturn
Business
6 Strategies to Optimize Gross Profit
Thoroughly estimating and tracking gross profits is the life blood of a business, and one remodeler shares the approach that works well for his firm
Business
Selling Your Company to Your Team
From company valuation to terms of the transfer, here’s a look at how three different remodelers made the deal work
Business
What's Beyond the Hammer?
Working with Brian Gottlieb on the book Beyond the Hammer provided a masterclass on how to build an aligned team
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What to Do With a Client's Bounced Check
You finished that replacement job two weeks ago and collected the final check. Today a letter from the bank arrives: you've got a bounced check.
How to Handle a Client's Refusal to Pay
Once burned by a nonpaying client, contractors will find ways to make sure the experience isn't repeated
Money in the Bank—or Elsewhere
Having cash reserves can offset unpredictable business setbacks or fund future growth
Create a System to Ensure a Profit
If you run your business with profit as an afterthought, it's time to make a change.
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?