Business Management

Ep.03: Top Financial Challenges Faced by Today’s Remodeling Business Owner with Doug Howard

February 7, 2018 Business Management, Financial Management 0:25:36

Episode 3 takes a deep dive into the financial challenges that remodeling business owners face on a daily basis. Victoria and Mark welcome Doug Howard, Remodelers Advantage Director of Consulting to the PowerTips Unscripted studio.

Doug Howard is an entrepreneur, government official and small business consultant with more than 25 years of experience in leading organizations and assisting clients in many different industries.

After working with remodelers from across the US and Canada, Doug shares his thoughts on challenges such as:

  • Cash flow issues
  • Planning and budgeting for growth
  • Recognizing success patterns in your business
  • Stair-stepping growth (adding personnel & resources)
  • LEAN Process improvement and how it relates to production & cash flow
  • Identifying signs that you are growing too fast
  • Ownership structure: Partnerships, relatives, married couples, etc.
  • What to do when things start “going south”

Doug’s alternate job title at R/A is “The Fixer” and that becomes apparent as he shares his experiences in working with remodelers and providing his Five Words of Wisdom. Doug survives the Lightning Round with some key insights as well as a great book recommendation… Enjoy!

Thanks for Listening…

Please share your comments about Doug’s thoughts and advice below and if you have any questions for Doug, or you are interested in learning more about how Doug can help you with your business, contact him at doug@remodelersadvantage.com

If you’re enjoying our PowerTips Unscripted podcast, please spread the word and post reviews on iTunes and Stitcher.

Philip Anderson

Ep.02: Building an Effective Emergency Succession Plan with Philip Anderson

January 31, 2018 Business Management, Production, Sales 0:22:56

In our second episode of PowerTips Unscripted, Victoria and Mark spend some time with Philip Anderson, a long-time Remodelers Advantage member and well-respected industry leader. 

Philip Anderson is the President of HDR Remodeling, a successful Design + Build firm that he founded over 30 years ago in the Berkeley / Oakland / East Bay Area in California. 

The topic of this episode is Emergency Succession Planning, or how to plan ahead in the instance of a short or long-term absence of the business owner or key personnel. Philip discusses how his firm was able to build an effective succession plan, not only for the long-term once he retires, but in the case of a sudden departure from the business. 

Unfortunately, Philip’s plan was put to the test when he suffered a stroke a few months later and his business was able to continue during his extended leave. 

Some great advice shared by Philip: 

  • Don’t limit the plans to just the owner, include key personnel in sales, production, finance, etc.
  • Develop separate plans for short-term, intermediate and long-term or permanent absences.
  • Develop Standard Operating Procedures (SOPs) for each position so those stepping up have some direction and documentation to follow.

Philip does a great job with the “Lightning Round” and “Five Words of Wisdom” segments. Some great advice shared by one of our industry’s finest. Enjoy!

What about you?

Did you like the episode? Have you drafted an ESP yet? Please share your comments below and if you’re enjoying our PowerTips Unscripted podcast, please spread the word and post reviews on iTunes and Stitcher!

Free Download!

As you heard, Philip was kind enough to share his Emergency Success Plan with our community! If you’re a Remodelers Advantage member, click here to login to the Download Library.

Not a member? No worries, access Philip’s ESP right here!

And if you’re reading this in the show notes of a podcasting app that doesn’t include active hyperlinks, visit our website at powertipspodcast.com and find episode 02. 

Thanks for listening!

John Warrillow

Ep. 01: How to Create a Valuable, Sellable Company with John Warrillow

January 24, 2018 Business Management, Financial Management 0:30:47

For our first episode, we’re thrilled to have John Warrillow as our inaugural guest. John is the author of Built to Sell: Creating a Business That Can Thrive Without You, and in this episode he shares tips on how you can build a high-value company. Even if you’re not thinking about selling today, you can’t afford to turn a blind eye to the process.

Topics covered include:

  • Action steps to developing a sellable company
  • The hub-and-spoke manager vs. the apple picker
  • The Switzerland structure
  • How to sell “air”

Plus, John helped us kick-off our “Lightning Round” and “Five Words of Wisdom” segments. All that and more for our first episode. Enjoy! 

PTU Podcast Cover Art

Ep. 00: Beginnings – Welcome to PowerTips Unscripted

January 2, 2018 Business Management 0:05:50

Surely you can’t be serious. Remodelers Advantage is launching a podcast?

Yeah, you betcha. And as a prelude to our first episode, we’ve recorded “Episode Zero – Beginnings” to not only introduce you to your hosts — Victoria Downing and Mark Harari — but also to give you a taste of what you can expect when you put the two of them in front of a mic without a script. We’ve also thrown in a big-time giveaway, some movie quotes, and a British lady. All that in just under 6 minutes.

Why? Because we want learning to be fun.

So strap in and get ready, because starting January 24th, 2018, we’re launching PowerTips Unscripted. We’ll be bringing you interviews with leading industry experts, best-selling authors, and owners of multi-million dollar remodeling companies from across the US and Canada. Oh, and a British lady, too.

 

 

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MASTER NAVIGATION

This website is part of the Remodelers Advantage Network.

Visit our other properties: