If you feel you aren’t making nearly enough money as a renovation contractor, watch the president of one of North America’s leading contractor training organizations tell you how her members have dramatically lifted their profits.
Contractors should be marking up their direct job costs (labour and material) between 50 and 65 per cent, if they want to make a good profit, Remodelers Advantage president Victoria Downing told contractors in Whitby, ON
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…
Keeping your cool under pressure in this crazy business of renovating houses is a matter of learning to “hit the reset button” in your own head, Ian Szabo advises.
The fastest way to increase your bottom line is to be more efficient – or, simply put, by saving time. Everybody has heard the expression “time is money,” but only a few contractors – the extremely successful ones – are masters at saving time and operating with brilliant efficiency.
The tax advantages of declaring yourself self-employed are obvious. But be aware that Ottawa has four specific rules for the definition of “self-employment.”
CPP premiums are high enough.
Smartphone, tablet, camera. Three almost-essential tools for today’s renovation contractor.
At the end of January, 8% of your year will be over already. If you want to make more money this year, you need to get your 2013 business plan whipped into shape now. Here are a few tips.
There’s another RenoSummit underway right now in Calgary.