Risk Quotient of Remodeling Kenosha WI

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

Local Companies

Yutka Fence, Inc.
(262) 552-7967
6606 34th Ave
Kenosha, WI
Accents In Concrete
262-620-1717
2009 104th Str.
Pleasant Pr., WI
Superior Tankless
1-224-475-2735
12771 west 29th st.
Beach Park, IL
American Family Remodeling Inc.
847-223-2668
435 Old Walnut Circle
Gurnee, IL
Mikes Crane Rental
847-623-0243
25 LeBaron
waukegan, IL
Laminations Unlimited
(262) 658-4473
6400 32nd Ave
Kenosha, WI
Buskirk Construction
(262) 657-0808
Kenosha, WI
5 Star Construction
(262) 697-0030
6825 105th Ave
Kenosha, WI
R & R Construction Co Inc
(262) 654-5477
6105 22nd Ave
Kenosha, WI
Total One Custom Carpentry Llc
(262) 925-8629
Kenosha, WI


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

Yutka Fence, Inc.

2625527967
6606 34th Ave
Kenosha, WI
www.yutkafence.com

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