Risk Quotient of Remodeling Macomb MI

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

Local Companies

Antonelli Landscape Inc.
(586) 725-7886
29450 25 mile road
Chesterfield Township, MI
Your Designs
248-250-3356
1458 E. Hayes
Hazel Park, MI
T J's Floor Covering Inc
(586) 786-9454
51388 Pinewood Dr
MacOmb, MI
Royal Construction Inc
(586) 781-9232
56318 Robin Ct
MacOmb, MI
Per-A-Mar Contractors Inc
(586) 781-6699
53665 Bridget Wood Dr
MacOmb, MI
Schultz Velinka
(586) 566-7559
15722 Winterpark Dr
MacOmb, MI
Home Perfection
(734) 741-9488
544 5th St
Ann Arbor, MI
Mulvaney Bg & Remodeling
(517) 323-6250
5336 Sierra
Lansing, MI
Greenough George
(248) 399-7479
2218 Woodland Ave
Royal Oak, MI
H & J Construction Co
(248) 642-4144
Bloomfield Hills, MI


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

Antonelli Landscape Inc.

CREATING INVITING OUTDOOR ENVIORNMENTS

(586) 725-7886
29450 25 mile road
Chesterfield Township, MI
http://www.antonellilandscaping.com/

COMPLETE DESIGN/BUILD LANDSCAPE CONTRACTOR COMMERCIAL AND RESIDENTIAL.SPECIALIZING IN BRICK PAVING,RETAINING WALLS,TREE AND SHRUB PLANTINGS,MASONARY BLUESTONE,INSTALLATION OF CONCRETE BALLUSTRADE RAILINGS,NATURAL STONE LANDSCAPES,OUTDOOR KITCHENS,FIREPITS,LANDSCAPE LIGHTING,IRRIGATION,SOD.SERVICING OAKLAND/MACOMB/ST.CLAIR/WAYNE COUNTIES MICHIGAN.

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