Episodit
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In this episode of Remodeler's On The Rise, Kyle Hunt discusses the importance of evaluating financials, setting business budgets, and understanding key performance indicators for success in the remodeling industry. He emphasizes the need for peer groups to foster improvement and engagement among remodelers, and shares insights on job costing, cash flow management, and pricing strategies.
Download the 5 Financial Resources for Remodelers here!
Click here to learn more about the Remodelers VIP Club.
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Takeaways
Success in business is not a linear path. Evaluate your financials regularly to ensure progress. Top 20% remodelers have a clear business budget. Understanding your KPIs is crucial for success. Job costing helps in maintaining profitability. WIP reports are essential for accurate financial statements. Cash flow management is key to a healthy business. Know your markup and margin to price effectively. Peer groups can provide valuable insights and support. Continuous learning and improvement are vital in remodeling.Chapters
00:00 Introduction and Personal Anecdote
03:18 Introduction to the Financial Structure of Remodelers on the Rise
05:04 Creating and Reviewing a Business Budget
06:59 Key Financial Metrics to Monitor
09:23 Evaluating Business Budget and Actual Results
13:03 The Significance of the Work in Progress (WIP) Report
16:24 Additional Financial Metrics to Consider
18:18 The Importance of Knowing Your Numbers
20:15 Conclusion and Contact Information -
In this episode of the Remodelers On The Rise show, host Kyle Hunt delves into the powerful art of team management through impactful one-on-one meetings. Drawing from his years of experience, Kyle shares practical strategies to help remodeling professionals stay connected with their teams and keep them laser-focused on their core business goals. With a focus on fostering open communication and creating a supportive environment, Kyle outlines a structured format for these meetings, encouraging supervisors and employees to come prepared and engage in meaningful discussions. By sharing real-world examples and anecdotes, Kyle offers invaluable insights to empower remodelers and supervisors in leading more productive and engaged teams. Tune in to this episode and revolutionize your approach to team management for lasting success.
Takeaways
Managing your team well is crucial for the success of your remodeling business. One-on-one meetings with team members are an effective tool for improving communication, motivation, and support. Regularly scheduling and preparing for one-on-one meetings helps you stay connected with your team and focused on their goals and results. Having a clear agenda and asking thoughtful questions during one-on-one meetings can lead to meaningful conversations and better understanding of your team members' needs and challenges. Utilizing one-on-one meetings demonstrates that you care about your team members' happiness and growth, and helps you lead your team more effectively.Chapters
00:00 Introduction and Goal of the Podcast
02:20 The Importance of Managing Your Team Well
06:08 The Power of One-on-One Meetings
09:51 Creating a Successful Structure for One-on-One Meetings
11:18 Improving Communication and Support Through One-on-One Meetings
12:46 Conclusion and Encouragement -
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In this episode of Remodelers On The Rise, host Kyle engages in a conversation with Heather and Michael Francis, the dedicated husband-wife duo behind Francis Renovations. Together, they candidly recount the joys and hurdles of collaborating as partners in the remodeling industry, underscoring the essential role of transparent communication and well-defined boundaries in their journey. The couple unpacks the strategic shift to a design-build methodology, shedding light on the advantages it brought in terms of enhanced cost management and project scheduling precision.
Heather and Michael also stress the critical importance of mastering their financial metrics and implementing precise pricing strategies for sustainable business growth. Furthermore, they explore the strategic decision to rebrand to Francis Renovations and the strategic vision of venturing into custom home construction and exterior projects, showcasing the couple's steadfast dedication to innovation and evolution in the remodeling landscape! Don't miss this insightful discussion that beckons listeners to contemplate their client interactions and operational tactics for elevated success in the industry.
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Visit RemodelerRetreat.com and sign-up to join Kyle and his wife Sarah for the Remodel Your Marriage, Life, and Business Retreat, October 2nd-4th, 2024
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Takeaways
Working together as a husband and wife team in the remodeling business has its challenges, but it also allows for shared goals and a deeper understanding of each other's roles and responsibilities. Clear communication and establishing boundaries are crucial for maintaining a healthy work-life balance when working together. Adopting a design-build approach can lead to better cost control, scheduling, and overall client satisfaction. Detailed scope of work and upfront selections help ensure a smoother project execution and minimize surprises or changes during construction. Understanding the financial aspects of the business, including numbers and pricing, is essential for long-term success. Knowing your numbers and accurately pricing projects is crucial for financial success in the remodeling industry. Having a selections coordinator and trade partners can streamline the design and project development process. Changing the business name to reflect future expansion plans can attract a specific target market. Remaining calm during slow periods and maintaining a constant improvement mindset is important for long-term success. Reflecting on client interactions and making adjustments to meet their needs can improve customer satisfaction. -
Tune in as Kyle Hunt, host of Remodelers On The Rise, interviews Steve Tankersley, the owner of Tankersley Construction on his journey into the remodeling industry. After working in commercial construction, he decided to start his own remodeling business in 2018. Steve emphasizes the importance of the fundamentals in running a successful business, such as responsiveness and reliability. He also values the freedom and flexibility that owning a business provides, allowing him to spend more time with his family. Steve discusses his transition from fixed-price contracts to cost-plus contracts, which offer more transparency and build trust with clients. He provides insights into his cost-plus approach, including setting goals for net profit, accurately estimating project costs, and itemizing direct costs.
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Visit RemodelerRetreat.com and sign-up to join Kyle and his wife Sarah for the Remodel Your Marriage, Life, and Business Retreat, October 2nd-4th, 2024
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Takeaways
The fundamentals of responsiveness and reliability are crucial in running a successful remodeling business. Owning a business provides the freedom and flexibility to spend more time with family. Transitioning from fixed-price contracts to cost-plus contracts can build trust and provide transparency with clients. Setting goals for net profit and accurately estimating project costs are essential in a cost-plus approach. Itemizing direct costs, such as insurance and software, can help reduce the markup in cost-plus contracts. The cost-plus pricing model allows for open and frequent communication with clients without the fear of racking up hourly bills. Delivering value to clients is crucial when using the cost-plus pricing model. Knowing your numbers and having a robust accounting and project management system is essential for success. Self-performed labor rates can contribute to higher margins in cost-plus projects. Using contingencies can help manage unexpected costs and build trust with clients. Cloud-based software and coaching can be valuable tools for remodeling contractors.Chapters
00:00 - Introduction and Background 01:45 - Approaching Pricing in the Remodeling Business 04:10 - Transitioning to Residential Construction 08:50 - Achieving Dreams and Balancing Family Life 10:46 - Recognizing Success and Reflecting on the Journey 12:58 - Unpacking the Cost-Plus Approach 16:28 - Setting Goals and Estimating Project Costs 19:42 - Reducing Markup in Cost-Plus Contracts 22:09 - The Benefits of Cost-Plus Pricing 23:35 - Delivering Value and Accountability 26:06 - Knowing Your Numbers and Having a Robust System 27:06 - Maximizing Margins with Self-Performed Labor 31:41 - Managing Unexpected Costs with Contingencies 39:28 - The Value of Cloud-Based Software and Coaching -
Join Kyle for a conversation with AJ Ballantine, founder and CEO of Cornerstone Remodeling and Rendr about the importance of KPIs and OKRs in running a successful remodeling business. In this episode, AJ shares his invaluable insights on the role of a manager and coach when scaling a team and reveals practical tips on tracking KPIs to inform business decisions and identify areas for improvement. He highlights the significance of implementing the OKR framework to track progress and set measurable objectives aligned with business goals. Also, Kyle and AJ uncover the benefits of using Render, a software tool designed for remote sales and design that enhances workflow efficiency. Listen in and discover the key takeaway pointers of effective management and leveraging business tools to succeed in the remodeling industry!
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Visit RemodelerRetreat.com and sign-up to join Kyle and his wife Sarah for the Remodel Your Marriage, Life, and Business Retreat, October 2nd-4th, 2024
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Takeaways
Embrace the role of a manager and coach when growing a remodeling business and managing a team. Start tracking KPIs by identifying the most important metrics for your business and measuring them consistently. KPIs help you make informed decisions and identify areas for improvement in your business. Implement the OKR framework to set objectives and track measurable results that align with your business goals. Regularly review and adjust your KPIs and OKRs to ensure they are relevant and effective. Setting objectives and key results (OKRs) can help measure progress and hold teams accountable in a remodeling business. Objectives can be related to various areas of the business, such as decreasing slippage or improving job satisfaction. Key results are specific actions or metrics that contribute to achieving the objectives. Render is a software tool that enables remote sales and design in the remodeling industry, reducing cycle time and increasing efficiency.Chapters
00:00 Introduction and Background 03:44 The Importance of Embracing the Role of a Manager 09:33 Getting Started with KPIs 13:16 Using KPIs to Make Informed Decisions 21:57 The Benefits of Regularly Reviewing and Adjusting KPIs and OKRs 22:02 Setting Objectives and Key Results 30:48 Measuring Progress and Accountability 36:09 Introducing Render: A Software Tool for Remote Sales and Design -
In this insightful episode of Remodelers On The Rise, Kyle dives into the financial metrics for every remodeling business owner needs to understand. Kyle unveils five transformative resources tailored to enhance your financial management skills (that you can download for FREE here).
From creating effective budgets to understanding the nuances of markup vs. margin, this episode equips you with the tools to secure and improve your business’s financial health. Tune in to learn how you can access these essential resources for free and begin steering your business towards greater profitability and sustainability. Don't miss out on these practical, actionable financial strategies!
Download the 5 Financial Resources for Remodelers here!
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Join host Kyle Hunt on Remodelers on the Rise as he interviews Sean and Kimberly Canada as they candidly share their journey of working together in the remodeling industry together for over a decade. Gain valuable insights on navigating the complexities of blending marriage and business, and discover the keys to successful collaboration with your spouse in the remodeling world.
From fostering clear communication to balancing work and home life, this episode offers genuine advice for building a thriving business while cherishing a loving partnership. Tune in to unlock the secrets of harmoniously blending marriage, life, and the world of remodeling.
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Visit RemodelerRetreat.com and sign-up to join Kyle and his wife Sarah for the Remodel Your Marriage, Life, and Business Retreat, October 2nd-4th, 2024
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Takeaways
Design build can streamline projects and improve profitability by planning and addressing issues upfront. Working with a spouse requires open communication, setting boundaries, and understanding each other's working styles. Understanding financials is crucial for setting appropriate pricing and making informed business decisions. Soft skills and hidden hours can impact profitability, so it's important to track and analyze all aspects of the business. Budgeting, job costing, and estimating are essential for the growth of a remodeling business. Paying attention to competition is important, but pricing decisions should be based on profitability and business goals. Rebranding can have a significant impact on lead quality and client perception. Coaching and networking within the remodeling community can provide valuable support and guidance. Investing in skilled labor and planning for economic downturns are crucial for long-term success. -
Join Kyle Hunt as he discusses the importance of keeping in touch with your previous clients. Kyle emphasizes how important it is to maintain a good relationship with your previous clients, who can be your most valuable marketing asset. Kyle shares his insights on how sending monthly emails to clients exhibiting your latest projects as well as offering remodeling tips and insights on current trends, can be a powerful way to stay in touch. He also highlights the many benefits of staying social on social media and engaging with clients and prospects.
And if all this is starting to sound like a lot of work, Kyle introduces us to Remodelers Autopilot - a program that serves up a done-for-you email newsletter and social media post service, freeing up valuable time for your other business activities.
Consistency is key when it comes to communicating with clients! This episode of Remodelers On The Rise will give you ideas and hopefully light a fire to help you keep this valuable marketing priority top of mind.
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Explore the vast array of tools, training courses, a podcast, and a supportive community of over 1,900 remodelers. Visit RemodelersOnTheRise.com today and take your remodeling business to new heights!
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Takeaways
Staying in touch with previous clients is a valuable marketing tactic for remodelers. Consistent communication with previous clients helps maintain top-of-mind awareness and encourages repeat business and referrals. Sending monthly emails showcasing projects and providing remodeling tips and trends is an effective way to stay in touch. Being active on social media and engaging with previous clients and prospects can also help maintain relationships and generate leads. Remodelers Autopilot is a program that offers a done-for-you email newsletter and social media post service, providing a convenient and effective way to stay in touch with previous clients.Chapters
00:00 - Introduction
02:25 - Using Monthly Emails to Showcase Projects and Provide Remodeling Tips
05:23 - Being Active on Social Media to Maintain Relationships and Generate Leads
08:17 - Introducing Remodelers Autopilot: A Done-for-You Marketing Solution
11:35 - The Power of Consistency in Staying in Touch with Previous Clients
12:33 - Conclusion -
In this episode, Jenna Robbins and Patrick Zengel from the Zengel Group delve into the critical role of training programs in the remodeling and construction industry. They address the challenges of sourcing skilled carpenters and emphasize the importance of a structured progression and training program for team members. The Zengel Group has crafted an innovative training approach that merges online learning with hands-on assessments. The program features quizzes, skills tests, and field competencies, with raises linked to training milestones, fostering consistency through self-motivation and paid training hours. Patrick and Jenna showcase success stories of apprentices who have honed their skills and gained confidence in their work. They emphasize the significance of taking the first steps with training This episode offers valuable insights into the impact of training programs on team dynamics and business outcomes.
----- Check out TradeSkillsU here!Explore the vast array of tools, training courses, a podcast, and a supportive community of over 1,900 remodelers. Visit RemodelersOnTheRise.com today and take your remodeling business to new heights!
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Takeaways
Training is crucial in the remodeling industry to address the shortage of skilled carpenters. A clear progression and training program can help team members grow in their roles. Combining online learning with hands-on assessments is an effective approach to training. Utilizing existing resources and customizing them to fit specific needs can save time and effort. Tying raises to training milestones can motivate team members to actively participate in the program. Consistency in training can be achieved through self-motivation and paid training hours. Training is crucial in the construction industry and can have a significant impact on the team and the business. Using resources like Trade Skills U and the 10-hour OSHA class can enhance training programs. Weekly team meetings that include training and safety sessions are effective in promoting continuous learning. Rotating team members to present on construction-related topics encourages knowledge sharing and engagement. Training helps apprentices improve their skills and become more confident in their work. Starting somewhere, even with a small training program, is essential for team development.-----
Chapters
00:00 - Introduction and Background of the Zangel Group 01:10 - The Importance of Training in the Remodeling Industry 08:00 - Creating a Training Program with Trade Skills U University 10:16 - Addressing the Lack of Interest in Training 13:52 - Tying Raises to Training Milestones 16:32 - Ensuring Consistency in Training 20:26 - Effective Training Methods and Resources 21:14 - Weekly Team Meetings for Continuous Learning 22:39 - Success Stories: Apprentices' Skills Improvement 23:07 - Starting Somewhere: The Key to Team Development -
Join Kyle Hunt in an enlightening conversation with Eric Fortenberry, the founder and CEO of JobTread. Together, they delve into the pivotal role of estimating in construction and remodeling businesses, uncovering best practices for precision and efficiency. From stressing the importance of templates, uniform formats, and detailed estimates, to illuminating the advantages of job costing, they unravel essential strategies for honing estimating accuracy.
Moreover, Eric sheds light on how JobTread empowers remodelers with a streamlined estimating process and the flexibility to present estimates to clients in a manner that suits their needs. Tune in to gain valuable insights on optimizing your estimating practices and enhancing your remodeling business with the expertise shared in this engaging episode!
----- Click here to learn more about JobTread! -----Explore the vast array of tools, training courses, a podcast, and a supportive community of over 1,900 remodelers. Visit RemodelersOnTheRise.com today and take your remodeling business to new heights!
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Takeaways
Estimating is a crucial aspect of running a successful remodeling business. Using templates and uniform formats can help ensure accurate and consistent estimates. Job costing is essential for improving estimating accuracy and profitability. Speeding up the estimating process can be achieved through systems, processes, and delegation. Providing a detailed and interactive estimate can enhance the customer experience and increase the likelihood of winning the job. JobTread is a software that helps remodelers streamline their estimating process and offers flexibility in presenting estimates to clients.-----
Chapters
00:00 Introduction and Overview
01:01 Guest Introduction: Eric Fortenberry
07:24 Best Practices for Accurate and Efficient Estimating
13:03 The Benefits of Job Costing and Performance Analysis
24:48 Enhancing the Customer Experience through Detailed Estimates
31:50 Streamlining Estimating with JobTread Software -
In this episode, Kyle sits down with Jason Carmack, the owner of Vision Construction, to delve into his journey in the remodeling industry. They explore a range of topics, from Jason's entrepreneurial beginnings to the art of cultivating a robust team and fostering a positive company culture.
Jason sheds light on crucial aspects such as maintaining healthy profit margins, delivering unparalleled value, and offering top-notch customer service. He also reveals his strategies for recruiting and retaining employees who resonate with the organization's ethos and work ethic.
During the conversation, Jason reveals the inner workings of his company's team-building initiatives and recounts the profound impact of his battle with cancer on his business. From annual lake trips and playful team activities to navigating through serious health challenges, Jason underscores the significance of assembling the right team and nurturing a culture of gratitude and worth.
Moreover, Jason opens up about his passion project, Visions on the River, a venture where he designs and leases unique structures on his property, showcasing his innovative spirit and creativity. Join Kyle and Jason as they explore these pivotal themes and personal anecdotes that offer a deeper understanding of entrepreneurship, resilience, and the power of teamwork.
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Explore the vast array of tools, training courses, a podcast, and a supportive community of over 1,900 remodelers. Visit RemodelersOnTheRise.com today and take your remodeling business to new heights!
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Takeaways
Having healthy gross and net profit margins is crucial for a successful remodeling business.
Providing value and excellent customer service helps differentiate your business from competitors. Hiring employees who align with your company's values and work ethic is essential for a positive company culture. Regularly communicating with team members about their career goals and retirement plans shows that you care about their well-being. Building a strong team and investing in their development leads to long-term success. Team-building activities like annual trips and play days can strengthen relationships and create a positive company culture. Having the right people on the team and showing appreciation and value can lead to a successful and thriving business. Overcoming personal challenges can provide valuable life lessons and change one's perspective. Investing in real estate and creating a rental business can provide a passive income stream and long-term financial security.Chapters
00:00 - Introduction and Background 02:13 - Jason's Journey in Remodeling 07:07 - Importance of Estimating and Financials 09:49 - Building a Strong Team and Company Culture 13:12 - Hiring and Retention for a Positive Company Culture 19:30 - Building a Strong Team and Company Culture 23:31 - Business Growth and Success 27:33 - Giving Back and Making a Difference 31:02 - Investing in Real Estate for Financial Security -
The conversation explores the transformation of a remodeling company's culture through the implementation of the Ultimate Building Experience (UBE) program. The program focuses on teamwork, exceptional customer experience, and being an exceptional employee, with a reward system for outstanding performance. The impact of the program on team dynamics, communication, and recruitment is highlighted, emphasizing the shift from negativity to positivity and teamwork. The conversation also delves into the details of the UBE program, its rewards, and the positive outcomes experienced by the company.
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Explore the vast array of tools, training courses, a podcast, and a supportive community of over 1,900 remodelers. Visit RemodelersOnTheRise.com today and take your remodeling business to new heights!
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Takeaways The Ultimate Building Experience (UBE) program has transformed the culture of a remodeling company, fostering teamwork, exceptional customer experience, and exceptional employee performance. The implementation of a reward system for outstanding performance has positively impacted team dynamics, communication, and recruitment, shifting the company's culture from negativity to positivity and teamwork. The UBE program focuses on creating a career experience rather than just a job, emphasizing the importance of creating an environment that inspires employees to work for a career, not just a job. -
Join Kyle Hunt in this episode of Remodelers on the Rise as he provides valuable insights and actionable steps for improvement in the remodeling industry. Covering essential topics such as business strategies, work-life balance, financial management, marketing, and leadership, Kyle engages the audience with thought-provoking questions and offers practical tips and encouragement for business owners and professionals.
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Explore the vast array of tools, training courses, a podcast, and a supportive community of over 1,900 remodelers. Visit RemodelersOnTheRise.com today and take your remodeling business to new heights!
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Takeaways
Regularly assess the progress of your business plans and make necessary adjustments. Evaluate and improve your work-life balance by making small adjustments to your routine. Review the financial side of your business, including expenses, investments, and overall budget. Consider increasing prices in your estimating spreadsheet and updating employee labor burden costs. Focus on consistent marketing efforts and enhance the sales process to improve lead conversion. Seek encouragement, accountability, and support from peers, mastermind groups, or business coaches. Address hard decisions, update your website, and invest time in personal and professional development. Practice curiosity, appreciation, kindness, and eye contact to build better relationships and communication skills.Chapters
00:00 Navigating Business Challenges in the Remodeling Industry 04:53 Balancing Work and Life: Practical Tips for Improvement 07:20 Financial Management and Marketing Strategies for Remodelers 13:05 Enhancing Sales Process and Seeking Encouragement 28:06 Building Better Relationships through Curiosity and Communication -
Join Luke and Kristen Larson, a husband and wife remodeling team, as they share their journey of building a business that supports the life they love. Discover the importance of communication and being on the same page as teammates, and the value of seeking counseling to strengthen both marriage and business partnerships. The Larsons highlight the need for a win-win approach in decision-making and prioritizing faith and marriage. Gain insight into intentional living, effective communication systems, and balancing business vision with implementation.
This podcast provides valuable lessons for married business owners, especially in the remodeling industry, offering sound advice on teamwork, commitment, and the rewarding adventure of working together in business.
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Explore the vast array of tools, training courses, a podcast, and a supportive community of over 1,900 remodelers. Visit RemodelersOnTheRise.com today and take your remodeling business to new heights!
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Takeaways
Communication and being on the same page are crucial for married business owners.
Seeking counseling can help improve communication and strengthen the marriage and business partnership. Prioritizing faith and marriage above all else is essential for building a life you love. Taking a win-win approach in decision-making fosters unity and compromise. Intentional living involves building upon a strong foundation and recognizing what is negotiable and what is permanent. Establish a system for communication to avoid constant interruptions Find a balance between being a visionary and an implementer in the business Commitment and being fully invested in the business leads to peace and success Working together as a married couple in business can be a rewarding adventure----
Chapters
00:00 - Introduction and Background Story 02:50 - Balancing Business and Life 07:20 - The Importance of Communication and Counseling 09:51 - Prioritizing Faith and Marriage 11:49 - Taking a Win-Win Approach in Decision-Making 13:37 - Living Intentionally: Building a Life You Love 23:12 - Balancing Vision and Implementation 28:36 - Commitment and Investment for Success 35:23 - The Adventure of Working Together as a Married Couple -
Join Kyle Hunt as he interviews Brandon Allen, owner of Masterpiece Construction, about his experiences starting a remodeling business and the importance of strategic partnerships with architects, designers, and realtors in generating leads. The conversation also delves into Design & Project Development packaging strategies, effective communication with clients and trade partners, and navigating challenges of strategic partnerships with designers and arthitects. Tune in to gain practical insights for success in your own remodeling business!
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Explore the vast array of tools, training courses, a podcast, and a supportive community of over 1,900 remodelers. Visit RemodelersOnTheRise.com today and take your remodeling business to new heights!
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Takeaways
Strategic partnerships with architects, designers, and realtors are valuable in generating leads for remodeling businesses. Clear communication with trade partners and clients is essential to ensure a smooth project. Pricing and packaging Design and Project Development services can be done through fixed prices or hourly rates, depending on the project and client preferences. Job costing and measuring profitability are important aspects of running a successful remodeling business. Professionalism and expertise are key factors in building trust and attracting high-end clients.Chapters
00:00 Introduction and Background 02:02 Getting into the Remodeling Business 05:19 Generating Leads from Strategic Partners 09:40 Challenges with Architectural and Design Plans 16:38 Effective Communication with Clients and Trade Partners 25:20 Job Costing and Measuring Profitability 31:05 The Importance of Professionalism in the Remodeling Industry -
Join host Kyle Hunt on this week's episode of Remodelers on the Rise as he interviews Anthony Boyd, owner of Boyd Remodeling and Construction. They discuss the journey of Anthony's business, and the key factors that contributed to his consistent progress in the remodeling industry. From financials to sales process, marketing to team management, and mindset - they cover various core pillars of a successful business.
Anthony emphasizes the significance of implementing systems, understanding financials, and investing in marketing while gradually expanding his vision to achieve his goals. They also highlight the value of being part of a supportive community like the Remodelers VIP Club, for accountability and access to valuable resources.
Tune in to learn more about how to build a successful remodeling business!
Learn more about the Remodelers VIP Club here!
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Why Did Kyle Switch from a Simple IRA to a 401k? Should You Too?
Join host Kyle Hunt as he delves into the world of retirement planning with his longtime friend and financial advisor, Nick Hopwood of Peak Wealth Management.
In this episode, they dive into the fundamental aspects of retirement, highlighting the significance of cash flow and building a balanced sheet. They explore various retirement plan options tailored for small business owners, including SEP IRAs, solo 401(k)s, and SIMPLE IRAs.
Nick sheds light on the advantages of diversifying retirement investments with properties and stresses the importance of having a solid financial plan in place. Additionally, they touch on the state of the current market and discuss the crucial element of trust in one's financial plan. If you're ready to navigate the terrain of retirement with confidence, this episode is a must-listen for valuable insights and expert advice.
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Explore the vast array of tools, training courses, a podcast, and a supportive community of over 1,900 remodelers. Visit RemodelersOnTheRise.com today and take your remodeling business to new heights!
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Join host Kyle Hunt as he sits down with Todd Schulte, owner of Schulte Design Build, on this week's episode of Remodelers On The Rise.
In this episode, they discuss the importance of standard operating procedures (SOPs) and marketing in the remodeling industry. Todd shares insights on the benefits of clear SOPs for efficiency and reducing errors. They also discuss content creation, social media, email marketing, and strategic partnerships in the marketing realm.
If you're looking to level up your remodeling business, this episode is packed with valuable tips and experiences.
Tune in and get ready to transform your strategies!
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Explore the vast array of tools, training courses, a podcast, and a supportive community of over 1,900 remodelers. Visit RemodelersOnTheRise.com today and take your remodeling business to new heights!
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Takeaways
Having clear and consistent standard operating procedures (SOPs) is crucial for improving efficiency and reducing errors in a remodeling business. Creating content and engaging in marketing efforts are essential for generating leads and building trust with potential clients. Developing strategic partnerships with architects, designers, and other professionals who share the same ideal client can lead to valuable referrals and collaborations. Consistency and follow-up are key in both SOPs and marketing to ensure that processes are followed and leads are nurtured.Chapters
00:00 - Introduction and Background 08:14 - The Role of SOPs in Improving Efficiency and Reducing Errors 15:12 - The Value of Consistency and Follow-Up in SOPs and Marketing 28:09 - Exploring Strategic Partnerships for Lead Generation -
Join host Kyle in a riveting discussion with Tim and Chris from ContentoCo on Remodelers On The Rise as they unpack their journey in launching a remodeling business and the key lessons learned. They delve into topics such as ensuring client satisfaction, managing business challenges, and optimizing processes. The duo also shares insights on pricing strategies, gross profit margins, and efficient cost management, emphasizing the pivotal role of job costing and project management in boosting profitability.
Looking ahead, they reveal plans to recruit a project manager to streamline operations and focus on sales and marketing. Their chat touches on financial aspects, partnership dynamics, the importance of team training for technical and leadership skills enhancement, and the significance of clear roles and effective communication in partnership settings.
Don't miss out on this episode jam-packed with actionable advice and firsthand experiences to inspire your remodeling ventures!
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Explore the vast array of tools, training courses, a podcast, and a supportive community of over 1,900 remodelers. Visit RemodelersOnTheRise.com today and take your remodeling business to new heights!
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Takeaways
Customer satisfaction is a top priority for ContentoCo, and they have built a strong reputation through happy customers. They have learned the importance of pricing their services with the right markup and margin to ensure profitability. Implementing job costing and project management software has helped them track and improve their financial metrics. They are planning to hire a project manager to free up their time for marketing and sales, which they have not been able to focus on due to other responsibilities. Efficiency and streamlining processes are key to scaling their business and achieving their growth goals. Clear roles and responsibilities are crucial for a successful partnership. Regular partner meetings and open communication help address frustrations and improve collaboration. Training and development are essential for improving team members' technical and leadership skills. Setting aside time for strategic planning and goal-setting is important for long-term success. Tracking and measuring key financial metrics is necessary for business growth and profitability.-----
Chapters
00:00 - Introduction and Behind the Scenes
07:01 - Building a Reputation for Customer Satisfaction
14:41 - Improving Financial Metrics with Job Costing and Project Management
30:09 - Investing in Training and Development -
Join host Kyle Hunt in this episode of Remodelers On The Rise as he covers a range of topics in the first LIVE show of the year. From the importance of content creation to leveraging tools like Loom for effective communication, Kyle shares valuable insights on streamlining onboarding processes, market share, and more. Discover the significance of being a content creator and learn about practical strategies to enhance your business operations. Don't miss out on this episode packed with actionable advice and encouraging discussions!
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Explore the vast array of tools, training courses, a podcast, and a supportive community of over 1,900 remodelers. Visit RemodelersOnTheRise.com today and take your remodeling business to new heights!
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Takeaways
Take time to celebrate your accomplishments and set clear goals for the next quarter. When onboarding new hires, be prepared, organized, and create a positive first impression. Determine your market share and consider expanding into new geographic areas if necessary. Pick up the phone and connect with strategic partners and previous clients to build relationships and generate referrals. Create valuable content to showcase your expertise and build trust with potential clients. Conduct thorough pre-construction meetings to ensure clear communication and set expectations. Explore tools like Loom for effective communication and ChatGPT for data analysis. Consider coaching services to improve your financials, marketing, sales process, and leadership skills in the remodeling industry. - Näytä enemmän
