In this episode of Remodelers On The Rise, we break down the four key financial metrics every remodeler must track to stay profitable. From understanding your gross profit to making strategic decisions for long-term success, we’ll show you how running your business by the numbers—not just gut instinct—can transform your bottom line. Plus, we’ll discuss how peer groups and coaching can help you stay accountable and on track. Tune in and take control of your numbers today!

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The Remodelers VIP Club is designed to help you strengthen the 6 Main Systems of your remodeling business in a step-by-step way through our Remodelers Roadmap.

You’ll have access to a treasure trove of short pre-recorded training to help you immediately address the weak points of your business. Learn more and sign-up here!

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Explore the vast array of tools, training courses, a podcast, and a supportive community of over 2,000 remodelers. Visit RemodelersOnTheRise.com today and take your remodeling business to new heights!

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Takeaways

Understanding your numbers is crucial for business success.
Clear job costing helps identify expected vs. actual costs.
Overhead expenses must be accurately tracked to avoid profit loss.
Aim for a healthy net profit margin to sustain your business.
Set a goal for total gross profit dollars needed each year.
Regularly analyze job costs to identify areas for improvement.
Know the difference between overhead and cost of goods sold.
A healthy net profit allows for reinvestment in the business.
Value perception plays a significant role in pricing.
Continuous learning and accountability are key to success.

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Chapters

00:00 Introduction to Key Numbers for Remodelers
06:21 Understanding Job Costing
16:39 Overhead Expenses Explained
19:51 The Importance of Net Profit
30:17 Total Gross Profit Dollars Needed

In this episode of Remodelers on the Rise, Kyle Hunt is joined by Jef Forward to dive into the power of team dynamics using the DISC assessment. Jef shares valuable insights on how understanding different personality types can enhance leadership and communication within your remodeling business. From managing dominant personalities to fostering collaboration, Jef offers practical strategies for improving team effectiveness. Whether you’re looking to hire, lead, or grow your team, this episode is packed with actionable advice to help you build a high-functioning, successful team.

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Explore the vast array of tools, training courses, a podcast, and a supportive community of over 2,000 remodelers. Visit RemodelersOnTheRise.com today and take your remodeling business to new heights!

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• Business is about solving problems and staying connected with clients.
• Continuous learning is essential to avoid stagnation in business.
• Setting clear goals is crucial for effective business management.
• Understanding DISC profiles can enhance team dynamics and communication.
• Self-awareness is key to personal and professional growth.
• Healthy conflict can lead to better team collaboration.
• Using tools like DISC can improve leadership effectiveness.
• Investing in team development pays off in the long run.
• Effective communication varies based on personality types.
• Building the right team is fundamental to business success.

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Chapters

00:00 The Continuous Journey of Remodeling
04:29 Setting Goals and Self-Assessment
07:23 Understanding DISC Profiles
10:18 The Importance of Self-Awareness
13:33 Using DISC for Team Management
16:22 Healthy Conflict in Remodeling
19:24 Building Emotional Intelligence in Teams
22:17 Integrating DISC into Hiring Practices
25:24 The Role of Leadership in Team Dynamics
28:25 Coaching and Communication Strategies
31:22 The Value of Building the Right Team
37:13 05 ROTR_Exit Music.mp3

In this episode, Kyle Hunt dives into the critical question of "Who is your next hire and why?" He guides you through the process of mapping out your current and future org charts, identifying bottlenecks, and strategically planning your team structure to drive business growth. Whether you're considering hiring an office manager, a designer, or a salesperson, this episode offers practical insights to help you make informed decisions that will elevate your remodeling business.

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Explore the vast array of tools, training courses, a podcast, and a supportive community of over 2,000 remodelers. Visit RemodelersOnTheRise.com today and take your remodeling business to new heights!

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Takeaways

• Coaching provides clarity, belief, and encouragement.
• Continuous improvement is essential for success.
• Creating an org chart helps visualize team structure.
• Identify weak links and bottlenecks in your team.
• Designers and selection coordinators can streamline processes.
• Understanding financial implications is crucial for hiring.
• Know your numbers to make informed hiring decisions.
• Strategic planning is key to business growth.
• Reach out for advice and support in your journey.