Risk Quotient of Remodeling Idaho Falls ID

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

Local Companies

3 peaks maintenance & remodeling
208-589-5517
820 stevens drive
idaho falls, ID
Jeremie Russell Drywall Inc
(208) 589-5489
4175 Trenton
Idaho falls, ID
Forbush Construction & Remodel
(208) 524-3309
Idaho Falls, ID
G K's Home Improvement
(208) 528-8070
2990 S Yellowstone Hwy
Idaho Falls, ID
Gardner Builders & Exteriors
(208) 523-5418
461 May St
Idaho Falls, ID
Home Depot the
(208) 542-2520
2075 S Holmes Ave
Idaho Falls, ID
Newt Construction
(208) 523-1666
6462 W Broadway St
Idaho Falls, ID
A & A Gutters
(208) 524-5100
2205 Gazebo St
Idaho Falls, ID
Hammersmark Building Company
(208) 336-0861
390 Crestline
Boise, ID
Mdm Corp
(208) 362-4945
9150 Aquarius St
Boise, ID


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

Click here to read full article from Remodeling

Featured Local Company

3 peaks maintenance & remodeling

208-589-5517
820 stevens drive
idaho falls, ID
www.3peaksremodeling.com


Rss   Delicious   Digg   Add To My Yahoo   Add To My Google   Bookmark   Search Plugin

Topics:
Advertising Family Home Services Real Estate Resources
Business Services Fashion Industrial Goods & Services Retail & Consumer Services
Career Financial Services Insurance Software
Cars Food & Beverage Internet Technology
Computer Hardware Franchise Legal Telecommunications
Construction Health Miscellaneous Trade Shows
Education Holidays Nightlife Travel
Entertainment Home Appliances Online Database Weddings
Environmental Home Electronics Pets World History