Risk Quotient of Remodeling Mechanicsville VA

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

Local Companies

Monte Cristo Concrete
804-405-5646
po box 28624
richmond, VA
Kyong Pak
(804) 559-4686
8395 New London Rd
Mechanicsville, VA
Mitchell Windows & Siding
(804) 730-1046
Mechanicsville, VA
Residential Maintenance Services
(804) 781-0932
6451 Rock Hollow Ct
Mechanicsville, VA
Best Windows and Doors
(804) 730-6897
Mechanicsville, VA
J Wayne Munn
(804) 781-0337
4281 Armstrong Dr
Mechanicsville, VA
Home Savvy Inc
(804) 779-7099
7485 Hidden Lake Cir
Mechanicsville, VA
Genesis Painting & Construction
(540) 459-9603
2982 Jadwyn Rd
Woodstock, VA
Better Home Maintenance
(434) 971-7051
2125 Ivy Rd
Charlottesville, VA
Smith Home Improvements
(276) 956-8704
Ridgeway, VA


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

Monte Cristo Concrete

804-405-5646
po box 28624
richmond, VA
www.montecristoconcrete/testimonials.html

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