The Profit Series Part 1: Why Profit?by Mike Draper
Profit is not a dirty word. You need to understand what it is, what it means and why you need to make lots of it.
Mike Draper, Renovantage, on calculating the correct deposit amountby Steve Payne
Mike Draper, our resident contractor coach, tells you how to figure out a reasonable and fair deposit when you win a new project
How to manage your contracting business using the 3 M’sby 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.
An interview with contractor and home improvement radio show host Frank Cohnby John Bleasby
“(TV) shows that are truly educational aren’t on the air any more,” Frank says
Under-the-table residential construction worth $12-billion a year: StatsCanby Steve Payne
Residential construction is 28.3 per cent of the total $42.4-billion underground economy in Canada
‘Fast tracking’ building permits in Surrey, B.C.by Steve Payne
Normally, the City of Surrey takes 4-6 weeks to process a permit. But if contractors join their Registered Builder program, permits can be issued within 10 days.
The Top 3 accounting methods and the lies they tell to contractorsby 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.
Judge gives Ajax, Ont. contractor who bailed on kitchen reno two years to pay back the homeownerby Steve Payne
Anthony L. Blake was convicted of disappearing from a kitchen reno with the customer’s deposit and other payments. But he has two years to reimburse the victim.
Three years of job losses for Alberta construction firms: forecastby Steve Payne
Alberta construction employment is predicted to drop by 15 per cent or more over the next three years
Our survey says: Your biggest headache is… marketingby Steve Payne
Our 7th annual Salary Survey, at the printer now (check here tomorrow for the digital edition), asked almost 40 questions. One of them was “What’s Giving You the Most Grief?” It’s marketing.
Interview with a HomeStars award-winner: Hanna Taylor, Hotwire Electricby John Bleasby
Hotwire has just picked up its fifth HomeStars ‘Best Of’ award. We asked Hanna Taylor about the value of online marketing, what makes her electrical firm stand out, and where she sees her future growth coming from.
J.A.B.A. Construction, Saskatoon, in ‘white knight’ renovation rescueby John Bleasby
Armed with an insurance payout, Janice Braden of Saskatoon hired a local contractor to repair the damage to her home caused by ice dams on her roof. But a so-called contractor took off with her money. It has taken J.A.B.A Construction and TrustedSaskatoon.com, among others, to bail Braden out of her renovation nightmare.
Homebuilder association gives thumbs up to a Vancouver regional taxby John Bleasby
Contractors and developers are among the most vocal anti-tax business people in Canada. But the Greater Vancouver Home Builders’ Association (GVHBA) has come out in favour of a 0.5% regional tax in Vancouver to pay for transit and infrastructure.
Service Alberta pursues another allegedly crooked contractorby Steve Payne
Dedric Robinson. apparently a fly-by-night renovator, is the subject of an investigation by the consumer protection agency in Alberta
Let’s talk cash economyby Robert Koci
I recently hired a contractor to do some work that I couldn’t get to. His price was fair, but leaves me reeling at what the legitimate costs of a reno has become.
Looking for highly motivated help?by Robert Koci
For the last five weeks, I have had the distinct pleasure of teaching project management to renovator students at Toronto Community College George Brown. This is the last semester for my 60 students, who will soon be entering the marketplace…
Ontario WSIB’s $400,000-a-year CEO David Marshall gets another two years at the troughby Steve Payne
Marshall acknowledges that he won’t win any popularity contests. Certainly not among the estimated 80,000 owner-operator contractors who were previously exempt from WSIB, but who got roped into paying into it as part of a plan that earned Marshall a $400,000 bonus.
Our website is being renovated: Thanks for your patienceby Steve Payne
A high proportion of our almost 600,000 website visits last year came from cellphones. So we are making our site much more phone-screen-friendly.