Risk Quotient of Remodeling Merrill WI

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

Local Companies

Featherstone Cabinetry and Design
715-3595616
10606 Tesch Lane
Rothschild, WI
Advanced Construction Inc
(715) 778-4556
W4418 825th Ave
Spring Valley, WI
Bladeswidth Enterprises Llc
(262) 549-2305
122 W Laflin Ave
Waukesha, WI
Mi-Mar Builders Inc
(920) 434-6610
3856 Velp Ave
Green Bay, WI
Countryside Home Repair Services Ltd
(262) 642-8711
East Troy, WI
DO-All Home Improvements
(414) 422-9730
Muskego, WI
Aluma-Guard Seamless Gutters
(715) 423-8280
Waupaca, WI
Menards
(414) 355-5666
8110 W Brown Deer Rd
Milwaukee, WI
Al Schneiger's Painting Inc
(414) 382-1800
Milwaukee, WI
Stoney Hill Construction
(608) 537-2067
13570 Taylor Hollow Rd
Blue River, 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

Featherstone Cabinetry and Design

715-3595616
10606 Tesch Lane
Rothschild, WI

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