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.
They are making everywhere from $58,230 in D.C. to $19,316 in Montana, Remodeling magazine tells us…
“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.
Residential construction is 28.3 per cent of the total $42.4-billion underground economy in Canada
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.
“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?”
That’s an almost “glass half full” situation. But you are slightly more optimistic, overall, than you were at this time last year.
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.
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.
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.
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
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…
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…
Almost a quarter of all renovation contractors who responded to our survey are making six figures.
Home Inspection is a growing industry for which renovators are well suited
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?
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.
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…