Risk Quotient of Remodeling Muskogee OK

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

Local Companies

Economy Siding & Construction
(918) 687-4583
Muskogee, OK
Toons Painting
(918) 686-6059
3241 S Woodland Rd
Muskogee, OK
A+ Managers Llc.
(918) 681-2181
5401 W Shawnee St
Muskogee, OK
Hogan Construction
(405) 692-1967
Oklahoma City, OK
Moore Woodcraft
(918) 835-9310
Tulsa, OK
Akins Concrete Construction
(580) 226-3736
1511 Harvey Rd
Ardmore, OK
Custom Painting
(405) 624-2993
307 S Duncan St
Stillwater, OK
J & J Plastering
(580) 762-3931
209 N Pine St
Ponca City, OK
Odden Cadet Construction & Landscaping
(918) 335-0850
4722 Lewis Dr
Bartlesville, OK
Kimble Gary Painting Co
(918) 457-4397
Cookson, OK


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

Click here to read full article from Remodeling

Featured Local Company

Concrete Madness

918-873-0166
504 university dr
tahlequah, OK
www.concretemadness.com

Related Articles
- Hand Tools for Remodeling Muskogee OK
New to the Goldblatt line, this magnesium float features a three-position handle that allows the user to grip the tool in a variety of positions and a lowered handle height that improves user control. Read on to learn more about how helpful these hand tools can be to your remodeling work.
- Kitchen Remodeling Service Muskogee OK
- Home Remodeling Tools Muskogee OK
- Successful Remodeling Projects Muskogee OK
- Evolution and Revolution of Remodeling Muskogee OK
- Tips for Moving Glass Muskogee OK
- Culture in Construction Muskogee OK
- Streamlining the Remodeling Process Muskogee OK
- Information on Remodeling Products Muskogee OK
- Remodeling Market Products Muskogee OK
Related Articles
- Hand Tools for Remodeling Muskogee OK
New to the Goldblatt line, this magnesium float features a three-position handle that allows the user to grip the tool in a variety of positions and a lowered handle height that improves user control. Read on to learn more about how helpful these hand tools can be to your remodeling work.
- Kitchen Remodeling Service Muskogee OK
- Home Remodeling Tools Muskogee OK
- Successful Remodeling Projects Muskogee OK
- Evolution and Revolution of Remodeling Muskogee OK
- Tips for Moving Glass Muskogee OK
- Culture in Construction Muskogee OK
- Streamlining the Remodeling Process Muskogee OK
- Information on Remodeling Products Muskogee OK
- Remodeling Market Products Muskogee OK
Related Local Event
Tulsa Remodel & Landscape Show
Dates: 2/12/2010 - 2/14/2010
Location: Tulsa Convention Center, Tulsa
Tulsa, OK
View Details

Rss   Delicious   Digg   Add To My Yahoo   Add To My Google   Bookmark   Search Plugin

Topics:
Advertising Family Home Services Real Estate Resources
Business Services Fashion Industrial Goods & Services Retail & Consumer Services
Career Financial Services Insurance Software
Cars Food & Beverage Internet Technology
Computer Hardware Franchise Legal Telecommunications
Construction Health Miscellaneous Trade Shows
Education Holidays Nightlife Travel
Entertainment Home Appliances Online Database Weddings
Environmental Home Electronics Pets World History