Canadian Contractor

Category
Financials


June 10, 2015 News

New home construction surges in Saskatchewan and Newfoundland

by Steve Payne

Both Saskatchewan and Newfoundland had seen their new homes numbers depressed by last fall’s plunge in energy prices, so the May new homes results were unexpected.

May 27, 2015 News

How much are renovation workers making, south of the border?

by Steve Payne

They are making everywhere from $58,230 in D.C. to $19,316 in Montana, Remodeling magazine tells us…

May 13, 2015 News

How to manage your contracting business using the 3 M’s

by Steve Payne

“Measure, Monitor and Manage.” These are the 3 M’s. They are incredibly useful in analyzing the key performance indicators of a professional renovation business.

April 30, 2015 News

Under-the-table residential construction worth $12-billion a year: StatsCan

by Steve Payne

Residential construction is 28.3 per cent of the total $42.4-billion underground economy in Canada

April 14, 2015 News

The Top 3 accounting methods and the lies they tell to contractors

by Victoria Downing

Should you run your contracting firm on the Cash Method, the Billings Accrual Method or the Completed Jobs Accrual Method? Take 4 minutes to read this, and you will probably know.

April 13, 2015 Voice

“Why does a contractor need a deposit at all?”

by Steve Payne

“Perhaps the business owner is not managing the cash well enough. If the business can’t manage cash, will the contractor be able to manage the tasks, the timelines along with the sub trades?”

April 1, 2015 News

39 per cent of Salary Survey contractors expect a better year in 2015

by Steve Payne

That’s an almost “glass half full” situation. But you are slightly more optimistic, overall, than you were at this time last year.

April 1, 2015 News

14 per cent of our Salary Survey contractors earned six figures last year

by Steve Payne

It’s not quite the 80-20 rule, which would say that 20 per cent of the contractors make 80 per cent of the money. But it’s close.

February 20, 2015 Voice

“Mike Holmes’ comment about no good contractor needing more than a 10 per cent deposit hurts our industry.”

by Steve Payne

Dave Anderchek, JABA Construction, Saskatoon, says that, with totally inaccurate comments like this in the national press, it’s “time for Mr. Holmes to leave” our industry.

February 12, 2015 News

What are your thoughts on: “No good contractor needs more than 10 per cent to start a job”

by Steve Payne

Mike Holmes’ has put another one of his memorable re-quotable quotes out to the public. This time that no one should pay more than a 10 per cent down payment on a renovation.

February 5, 2014 News

Give us a few numbers on your business – and you could WIN AN iPAD!

by Robert Koci

If you take 5 minutes to tell us, anonymously, what you are making – and how – we’ll enter you in a draw to win an iPad

November 13, 2013 News

The value-add: Help clients understand ways to finance home renovations

by Brynna Leslie

I’m sure you’ve all been there. A client asks about a renovation, you meet to discuss the options and he backs out. Have you ever considered it’s the cost that gets people down? A lot of people are intimidated by

November 4, 2013 News

Protecting cash flow

by Brynna Leslie

Learning to manage cash flow is one of the most important things you’ll ever learn as a business owner. Cash flow mismanagement can very likely sink you. And it’s not just a problem for small companies — almost every major

May 7, 2013 News

VIDEO: What contractors earn – Outrank Salary Survey

by Steve Payne

Almost a quarter of all renovation contractors who responded to our survey are making six figures.

May 2, 2013 Video

Home inspection: a new revenue stream for you?

by Robert Koci

Home Inspection is a growing industry for which renovators are well suited

December 3, 2012 News

What will it take to beat the cash economy?

by Robert Koci

With the punitive costs of HST/GST, income, corporate and payroll taxes, workers comp payments and insurance, it seems like there’s an epidemic of contractors working for cash. Can you compete with them? Or should you join them?

September 24, 2012 News

Getting paid

by Steve Payne

As a contractor, you work way, way too hard to let yourself get stiffed for money you have fairly earned. A primer on the ins and outs of collecting what you’re due.

August 7, 2012 News

Jump start your reno business with seminars in Vancouver, Calgary and Winnipeg

by Steve Payne

Are you ready for your renovation business to deliver better results? Then plan to attend one of the one day RenoSummit educational seminars coming to Vancouver (Nov. 12), Calgary (Nov. 14) and Winnipeg (Nov. 15). The seminars will focus on