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Risk Quotient of Remodeling Lees Summit MO

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

Local Companies

David E. Ross Construction Co.
(816) 737-2953
816) 737-2735
Raytown, MO

A2MG Inc.
(816) 874-4500
4715 W. 40 Hwy.
Kansas City, MO

House and Renner Construction
816-229-4853
5403 W US HWY 40
Blue Springs, MO

J.M. Fahey Construction Company
(816) 763-3010
408 High Grove Rd.
Kansas City, MO

All American Gutter
(816)763-5703
P.O. Box 16601
Kansas City, MO

AT & S
(816) 765-7771
3505 Manchester Tfwy
Kansas City, MO

Luevano Hart Construction, LLC
(816) 921-6003
6817 Stadium Dr., Ste. 312
Kansas City, MO

Advantage Metals Recycling, LLC
(816) 861-2700
3005 Manchester Tfwy
Kansas City, MO

AREI, LLC
(816) 734-7663
722 Sandpiper
Kansas City, MO

Dean Machinery Co.
(816) 753-5300
5701 E. 87th St.
Kansas City, MO

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

David E. Ross Construction Co.

8167372953
816) 737-2735
Raytown, MO

Read more about Risk Quotient of Remodeling

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Chuck Gabbert (with daughter, Kari) knows his company's strengths and its limitations, and he resists the temptation to test either. “Our favorite jobs are $15,000 bathrooms and $30,000 kitchens,” he says. “The guys are really tuned into projects of this size,” which also require less “baby-sitting” than more upscale projects seem to demand.

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Business Services	Fashion	Industrial Goods & Services	Retail & Consumer Services
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Cars	Food & Beverage	Internet	Technology
Computer Hardware	Franchise	Legal	Telecommunications
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Education	Holidays	Nightlife	Travel
Entertainment	Home Appliances	Online Database	Weddings
Environmental	Home Electronics	Pets	World History