Risk Quotient of Remodeling Broken Arrow OK

Remodeling is a risky business. It's a minefield of permits and inspections, hazardous material testing and remediation, and safety concerns.

Local Companies

Arches Construction Corp
918-810-3745
304 W Quantico St
Broken Arrow, OK
National Wood Products, Inc.
918-770-0795
27040 E. 75th St.
Broken Arrow, OK
National JAG Enterprises Inc.
918-402-3646
PO Box 35494
Tulsa, OK
Detrick Roofing and coatings
(918) 706-7840
18121 woodcrest ln
catoosa, OK
Quality Construction & Remodeling
(918) 258-2191
Broken Arrow, OK
The Clifford Co
(918) 357-9775
31697 E 71st St
Broken Arrow, OK
W & S Home Improvements
(918) 251-5089
755 W Commercial St
Broken Arrow, OK
In Home Therapy
(918) 806-0284
4271 W Albany St
Broken Arrow, OK
Lowes of Broken Arrow
(918) 355-4926
1900 E Hillside Dr
Broken Arrow, OK


Remodeling is a risky business. It's a minefield of permits and inspections, hazardous material testing and remediation, and safety concerns. In addition to managing the complex processes of project design, resource scheduling, and product selection and installation, remodelers have to establish and maintain client relationships that are often the most fragile commodity on the site. The slightest irregularity -- delayed delivery of a special order, slight imperfections in finish materials, misunderstandings over contract language -- can trigger a chain reaction of client emotion that quickly escalates from disappointment and annoyance to stubborn anger and even rage.

Is the risk worth it? For most remodelers, there's a lot of satisfaction in avoiding all the pitfalls, producing a product of enduring value, and building lasting relationships with customers. But real financial risk has to be balanced by real financial reward. We need to know we're being adequately compensated for the risk we assume.

One measurement is what Les Cunningham of Business Networks calls the "risk quotient." It's part of a "Crucial Data" report all of his clients receive at their semi-annual meetings, and it's calculated with this simple formula:

Risk Quotient = Produced Gross Sales/Owner's Total Compensation

Cunningham uses the risk quotient, along with a dozen or so other ratios, to help his remodeler clients understand the effects growth can have on their financial well-being. Most remo

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Featured Local Company

Arches Construction Corp

918-810-3745
304 W Quantico St
Broken Arrow, OK

Related Local Event
Tulsa Remodel & Landscape Show
Dates: 2/12/2010 - 2/14/2010
Location: Tulsa Convention Center, Tulsa
Tulsa, OK
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