Business coaching: Markup, Margin and all that stuffby Mike Draper
As a business coach, I ask a lot of business owners if they know the difference between Markup and Margin. Invariably, most say yes. What I later find out is that they know they are different, but aren’t really sure…
What type of contractor are you? Top line or bottom line?by Mike Draper
Top line firms are usually in rapid growth mode. But bottom line is what it’s all about, for most contractors.
Having trouble collecting your holdback? Read this…by Mike Draper
Nobody can afford to give a 10 per cent discount to a customer by being denied their rightful holdback cheque. Our contractor coach Mike Draper gives you some tips on getting your final cheque.
Do you have a business plan for your reno business for 2014? If not, read this….by Mike Draper
This is the perfect time of the year to ask yourself this question. “Do I really want to fly by the seat of my pants as a renovation contractor, or do I want to try to come up with the Three Year Business Plan?”
Contractor U: Do you have a vision and a plan?by Mike Draper
I recommend that renovation contractors have a Three Year Plan. Three years is a good timeframe as it is close enough that it is motivating, yet far enough out that you have time to reach your vision.
Can you sell your renovation business?by Mike Draper
Recently, I worked with a renovation contractor in Edmonton who sold his business for $500,000. In order to do that, he had to make sure that his business was working well without him. That’s the key to being able to sell your business: set up systems, delegate, and get out of the day-to-day.
Build Your Brand Part 1: Know your target clientby Mike Draper
Three steps to marketing your business effectively
Multiple Trades On Site at the Same Timeby Mike Draper
The secret is all in the expectations of the trades