Financial Management

Ep.181: 3 Key Lessons Remodelers Can Learn From a Serial Tech Founder with Justin Goldman

Company building in the fast paced venture backed technology world has quickly evolved over the past two decades. In countless conversations with remodelers over the past four years since starting RenoFi, guest Justin Goldman has identified a few of the best practices from the startup world that can benefit remodelers.

Justin Goldman is RenoFi’s CEO and Co-founder. His own home renovation was made possible by a RenoFi Loan, a unique financial product he created for homeowners just like him. 

Victoria, Mark and Justin talk more about:

  • Financing renovation projects
  • An outsider’s perspective on remodeling
  • And more…

We are excited to welcome our newest Annual Sponsor of Remodelers Advantage, and our Sponsor of this episode of Powertips Unscripted!

Episode 179: Managing Inflation’s Impact on Your Business with Mischa Fisher

Overseas conflicts are impacting gas prices while we’re already facing high inflation rates. The cost to run your business has increased at a time when you’re already short-staffed. It’s a challenging environment to be a home services business owner, but demand is high and opportunity is great.  Guest Mischa Fisher joins us to talk about some ways businesses are adapting to overcome the challenges and take advantage of the opportunities of today’s market.

Mischa is the Chief Economist at Angi, leading market research on consumer spending behavior, labor market dynamics and residential housing trends. He’s here to talk about rising costs – how they’ve changed and what you can do to manage your business through this volatile period.

Victoria, Mark and Mischa talk more about:

  • The impact of rising interest rates on the remodeling industry
  • Expectations for prices moving forward
  • Adapting to these changing prices
  • And more…

Ep.173: [Unscripted Back-Up] How to Achieve Consistency in Revenue and Profit with Andy Haste

In today’s episode of PowerTips Unscripted, we are featuring one of our more popular episodes. If you have topic ideas for an episode or a guest we should be interviewing, send an email to victoria@remodelersadvantage.com.  Enjoy!    

Guest Andy Haste is among one of Remodelers Advantages most successful members, and he attributes that success to consistency and profitability.  But, how does one achieve consistent profits in such an unpredictable, and inconsistent industry such as remodeling? 

This episode shares tips, tactics, and techniques to effectively set the goals and budgets to reach, and maintain consistent profit in such an inconsistent industry.

Andy is the president of Riverside Construction in West Lafayette, Indiana, and has been part of the Remodelers Advantage Roundtable community for many years.  He has 15 years of experience in the business supplies industry and values the privilege of working alongside homeowners, exploring creative ways to turn their homes into personal living spaces that will be loved for years to come.

Victoria, Mark and Andy talk more about:

  • Why remodelers may have problems maintaining consistency
  • Embedding a good philosophy with your team
  • The challenges that come with maintaining consistency
  • And more…

How Do You Compare to the TOP 10%

Take the 5-minute FREE Assessment and See How you Stack-up Against North America’s Top Remodelers.

✔ Benchmark Your Company in the
5 Categories of Success

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✔ Get Detailed Insights into the State of Your Remodeling Business

✔  Discover Key Questions You Should be Addressing

Ep.166: Why It’s Critical to Invest in The Next Generation with Andrew Schmidt

The labor shortage has been a frequent topic on this show, and this episode is going to join the ranks.  Guest Andrew Schmidt is here to talk about AMEK’s apprentice and internship program, and the importance of investing in future generations.

Andrew and his twin brother started their business as roofing installers in 1996, and have grown into a leading design-build firm in Minneapolis and St Paul. They have vacillated over the years, from employing and training carpenters to using all subcontractors. Currently, AMEK operates a hybrid model of carpenters and subcontractors when the job dictates it.

Victoria, Mark and Andrew talk more about:

  • Hiring the right people
  • The training and development process
  • Creating an engaged culture
  • And more…

You’ve Built An Amazing Business… Now What?

Are you personally ready for what should be the happiest day of your life?

Click Here to complete the ValueBuilder PREScore Questionnaire and receive a detailed report as a measure of your personal readiness to exit your business: this includes a summary of unseen factors that could lead to regret.

[Click Here to Take the PREScore Assessment]

Ep.165: The Top 3 Deductions Your CPA Never Told You About with “The Tax Goddess”

Are you looking for innovative tax strategies to reduce you or your clients’ tax burden? 

Or, simply sick of paying more than you need to in taxes? Then tune into this episode to hear vital information that you won’t want to miss! Guest Shauna Wekherlien, CPA provides proven, legal, effective, and easy strategies that any audience member can implement to keep more of their hard earned money.  

Shauna is the founder and business owner of Tax Goddess, a company ranked in the top 1% of all tax strategists in the USA. The team at Tax Goddess is committed to helping clients reduce their tax burden to the bare legal minimum with proven strategies that are guaranteed to save thousands off of tax bills each year.

Victoria, Mark and Shauna talk more about:

  • The difference between a CPA and a Tax Strategist
  • The most commonly missed deductions
  • The types of business owners that can benefit from a Strategic Tax Coaching Program
  • And more…

FREE Webinar: Finish Big - Start Strong

Join us on Tuesday, November 30th as R/A Consultants Doug Howard and Wayne Ottum reveal strategies for finishing 2021 with a strong performance and putting practices, structure and pipeline in place to get 2022 started on the right path.

[Click Here to Reserve Your Seat]

Ep.161: A Secret Shortcut to Estimating Labor with Chad Vincent

Accurately estimating a project is critical to profit,  and one of the most challenging components of that estimate is labor. 

Can you estimate labor simply and accurately? Are you spending too much time estimating labor for each job?  Guest Chad Vincent thinks so.  Tune into this episode to hear all about his new method towards becoming more effective in the estimation process.

Chad is the CEO and owner of Renaissance Remodeling in Boise, Idaho. He began his remodeling and construction career at a young age working for his dad in the family business and has been expanding his presence, expertise, and success in the field ever since. Chad values staying ahead of the curve and accepting nothing but the best in an ever-changing industry.

Victoria, Mark and Chad talk more about:

  • Dealing with “slips” in estimating
  • Educating designers on this process
  • Cutting back on the time it takes to estimate
  • And more…

Ep.158: Creating Your Business Exit Roadmap with Ashley Micciche

Did you know that 81% of business owners want to stop working in their business in the next 10 years?

Yet, most business owners are paralyzed and doing nothing about their exit, because the process seems overwhelming to the point that they don’t know where to begin.  So, how does one focus on their business while planning an exit?  Guest Ashley Micciche has the answer.

Ashley Micciche is the co-owner and CEO of True North Retirement Advisors in Clackamas, Oregon. She specializes in designing, building, and implementing custom-designed exit plans to help her business owner clients secure their final and most important business decision – the exit from their business.  

Victoria and Ashley talk more about:

  • Understanding how to pick an ideal successor
  • Determining post-exit financial needs
  • Establishing a target departure date
  • And more…

Why Should You Focus on Building Value in Your Company?

We have Value Builder Certified Consultants who are standing by to help you with building your Exit Strategy. Click here to contact us for more information on how we can help.

We have an entire content track at The Annual Remodelers Summit dedicated to the Value Builder System and determining the right way to build value in your company, whether you are ready to exit now or in the future. Click here for more information on Summit and the Value Builder Track.

Ep.157: How to Achieve Consistency in Revenue and Profit with Andy Haste

Guest Andy Haste is among one of Remodelers Advantages most successful members, and he attributes that success to consistency and profitability.  But, how does one achieve consistent profits in such an unpredictable, and inconsistent industry such as remodeling? 

This episode shares tips, tactics, and techniques to effectively set the goals and budgets to reach, and maintain consistent profit in such an inconsistent industry.

Andy is the president of Riverside Construction in West Lafayette, Indiana, and has been part of the Remodelers Advantage Roundtable community for many years.  He has 15 years of experience in the business supplies industry and values the privilege of working alongside homeowners, exploring creative ways to turn their homes into personal living spaces that will be loved for years to come.

Victoria, Mark and Andy talk more about:

  • Why remodelers may have problems maintaining consistency
  • Embedding a good philosophy with your team
  • The challenges that come with maintaining consistency
  • And more…

Masterclass Coming on August 9th!
Ready to Stand Out, Attract the Best Clients, and Win Every Sale that Comes Your Way?

Based on his best-selling book, Lobster on a Cheese Plate, Mark’s intensive marketing masterclass will cover everything from positioning, messaging, building a marketing plan, measurement, customer research techniques, and more.

August 9, 2021
Baltimore, MD

[ Click Here for More Information ]

Ep.156: Making Money in Cost Plus Remodeling with David Crane

While Cost Plus Remodeling isn’t for everyone, it can be an enjoyable and profitable way of doing business.  If it is done well, it can be very rewarding and reduce the uncertainty of a market.

Guest David Crane joins this episode to share why cost plus remodeling has proven to be successful for his business and his clients, and why remodelers should adapt this form of a remodeling contract.

David is the CEO and President of Crane Builders in Nashville, Tennessee and has spent the past 34 years meeting clients’ needs with the highest standards in the remodeling and construction industry.  He graduated from Louisiana State University with a degree in Construction and after spending 10 years in his hometown of New Orleans remodeling homes, he moved his business to Nashville where the company has been delighting clients since.  David will also be speaking at this year’s Remodelers Summit in Phoenix, Arizona.

Victoria, Mark and David talk more about:

  • Some of the keys to successfully doing Cost Plus Remodeling
  • The differences in Cost Plus Remodeling vs. Fixed Price Remodeling
  • How to make a profit when you have to show the client your markup
  • What to do with your labor and Project Manager costs on a Cost Plus Project
  • And more…

No Better Way to Build Your Team...

For years we have seen the most successful remodelers in the industry take the opportunity to build their teams by bringing Key Managers and Staff to the Annual Remodelers Summit.

This year, we take that to a new level by offering three content tracks; Business, Value Builder and Production, led by our own “Guru” Tim Faller. So there is literally something for every member of your team, whether they want to switch back and forth or focus on one area.

In addition, with the activities surrounding this year’s Summit, like 2 golf outings and the proximity to the Phoenix area, there are countless team-building opportunities can be combined with your Summit experience.

Register for Summit today and BRING YOUR TEAM!

Ep.155: When Will the Product Shortages End? with Craig Webb

Remodelers everywhere are plagued by problems getting the products they need to do their work.

That anguish is shared by the building materials dealers, and so many others in the industry. 

Why have we run short of so many products? What problems need to be solved for us to get out of this dilemma, and when will this shortage ease?  PowerTips Unscripted guest and lumber yard expert Craig Webb has some answers.

Craig is the President of Webb Analytics and has spent the last 15 years covering the building products supply chain and its effect on builders.  He’s one of the nation’s best-known experts on lumber and building material dealers and distributors, with 12 years of experience as editor-in-chief of ProSales magazine. 

His continued work towards tracking the trends, threats, and opportunities that make or break the futures of America’s building material manufacturers, distributors, and dealers brings the answers many are looking for, in this episode.

Victoria, Mark and Craig talk more about:

  • The state of the product shortages today
  • How the shortages developed
  • What dealers are doing about it
  • And more…

Who is Speaking at the 2021 Remodelers Summit?

The Remodelers Summit has built a reputation for having the best and brightest speakers in the industry and this year’s line-up only adds to that tradition.

From Keynotes that will literally bring you out of our seat, to industry experts and best-selling authors sharing wisdom and experience that only this Summit can deliver. You DO NOT want to miss this event!

Click Here for More Information + Registration

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