Risk Quotient of Remodeling Marquette MI

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

Local Companies

Carefree Exteriors
(906) 226-6469
965 County Road 492
Marquette, MI
Fairbanks Painting and Decorating
(906) 228-6679
2293 Norwood St
Marquette, MI
Cabinet Concepts
(906) 249-9998
2288 US Highway 41 S
Marquette, MI
Upland Contractors
(906) 249-4522
132 Ridgewood Dr
Marquette, MI
Anderson Painting & Roofing
(906) 226-6668
Marquette, MI
Gibson Roofing
(989) 624-7663
9558 Birch Run Rd
Birch Run, MI
Hyde Vanessa
(734) 467-4945
1322 Selma St
Westland, MI
S & W Plus
(517) 536-0636
6780 Brooklyn Rd
Jackson, MI
Aims System
(616) 897-6852
1690 Fallasburg Park Dr N
Lowell, MI
Surpass Inc
(616) 784-4900
620 3 Mile Rd NW
Grand Rapids, 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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- Evolution and Revolution of Remodeling Marquette MI
Do you ever wonder why your business is plodding along when the remodeling business down the road, which began around the same time as yours, is booming? It can be frustrating when two remodelers appear equal at the outset, but the scale of success eventually tips in one company's favor.
- Hand Tools for Remodeling Marquette MI
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