A reader asks for further clarification of Mike Davis' role as a construction manager as mentioned in the February article "Sales Alchemy."
Tips for better cash management.
If you're looking for business principles to guide you through the new normal, food trucks offer some valuable lessons for running a lean, successful operation.
Benchmarks offer a baseline for companies to evaluate current efforts and establish goals. See how your business compares to the benchmarks from these four remodeling companies.
ANDY HANNAN: Streamlining selections on small projects to keep these jobs on track and profitable.
Sales commissions are a cost of goods sold (COGS). Before hiring, make sure you know how commissions will affect your company's total profitability.
MELANIE HODGDON AND LESLIE SHINER: Like Tax Freedom Day for a nation, Overhead Freedom Day should be a goal for your company. Here's how to calculate when your day will come.
VICTORIA DOWNING: Don't just drift through the marketplace; develop a budget and use financial metrics to guide you.
If you're signing more work, you may need to hire more help. But first you need to figure out how much help you can afford.
Remodeler opens a new location with a tight budget and minimal staffing and waits to see if the investment will pay off.