Posted on May 3, 2020 9:14 AM by Jack Dennison
This series gives you everything you need to know about starting a restoration business. Once you decide to start a restoration business, you may recognize the value of business coaching. We all want to maximize our investment by doing the right things, in the right way, in the correct order, and at the right timi…Posted on May 3, 2020 9:10 AM by Jack Dennison
What is the typical organizational structure for a restoration business startup?Posted on May 3, 2020 9:07 AM by Jack Dennison
Restoration company startups need industry training and required certifications.Posted on May 3, 2020 9:02 AM by Jack Dennison
Restoration company startups can make a lot of money in their first 12 months.Posted on May 3, 2020 8:53 AM by Jack Dennison
Restoration company startups should not limit themselves to water damage only, be a full-service contractor who does the rebuild too.Posted on May 3, 2020 8:48 AM by Jack Dennison
Restoration company startups do water damage, rebuild and roofing.Posted on May 3, 2020 8:43 AM by Jack Dennison
Startup business owners look for recession proof industries. Is the Restoration Industry Recession Proof?Posted on February 3, 2020 6:56 AM by Jack Dennison
Watch Out All You Mitigation-Only Companies the Pendulum Is Swinging to Full-Service A mammoth shift is underway in the restoration industry! There are mounting expectations for restoration companies to provide both mitigation...Posted on February 3, 2020 6:38 AM by Jack Dennison
I just have to share this with you! Here is a 5-star review given by a former client contractor. It is just too good to not share with others. Easily one of...Posted on February 3, 2020 6:34 AM by Jack Dennison
OK, guys, … I’m sorry … just one more time. I have to share just one more 5-star review with you. Numbers are all important and really do tell a story....Posted on February 1, 2020 7:12 AM by Jack Dennison
Every once in a while, an economic bubble occurs. It happened with oil, it happened with tech, and it happened with housing. When you see it building, you know it’s a...Posted on October 7, 2019 10:10 AM by The Restoration Entrepreneur
Did you know … the average rebuild is 4x larger than the average mitigation job? Did you know … you can consistently make 50% profit on rebuilds? Below 40% is...Posted on October 2, 2019 4:44 PM by The Restoration Entrepreneur
My restoration company operated a state-of-the-art Fire Center with complete contents cleaning and long-term storage. It was an award winner, a marketing machine, and a super moneymaker! Should you get...Posted on August 28, 2019 8:00 AM by The Restoration Entrepreneur
The key to job profit is controlling material and labor costs. However, we all know the larger the job, the smaller the profit. But, do you know why? Because we...Posted on August 21, 2019 8:00 AM by The Restoration Entrepreneur
Nearly every contractor has tried at one time or another to become active on TPA programs, and most are unsuccessful. It’s not that the requirements are so intimidating – they’re...Posted on August 14, 2019 8:00 AM by The Restoration Entrepreneur
Floating construction costs, and waiting 60 days for payment can be a company killer! When should you expect to get paid? BEFORE the job ever starts! “Oh, yes! Great idea,”...Posted on July 29, 2019 9:00 AM by The Restoration Entrepreneur
Have you seen a restoration company doing less than $500,000 of revenue with a General Manager? Or, the first manager hired is the Operations Manager? Titles matter! Owners are usually...Posted on July 22, 2019 5:36 PM by The Restoration Entrepreneur
In a word, NO! Why do we try to incentivize workers? Is it because we want more out of them than we would otherwise get? The definition of incentivizing has...Posted on June 24, 2019 7:00 AM by The Restoration Entrepreneur
This is true of many things in life. We don’t know what we don’t know, but when the light comes on and now we know it, life becomes better. This...Posted on June 17, 2019 8:00 AM by The Restoration Entrepreneur
We know what psychrometrics and moisture maps are for … but what in the world is an affected room sheet? It’s a means to record every chargeable activity completed during...Posted on June 10, 2019 8:00 PM by The Restoration Entrepreneur
Nearly every contractor has tried at one time or another to become active on TPA programs, most are not successful. It’s not that requirements are so daunting – they’re not!...Posted on June 3, 2019 8:00 AM by The Restoration Entrepreneur
The key to job profit is controlling material and labor costs. However, we all know the larger the job, the smaller the profit. But, do you know why? Because we...Posted on May 27, 2019 8:00 AM by The Restoration Entrepreneur
Every owner dreams of the money they will take out of their business. Perhaps its to buy a bigger house, take more vacations, or sock money away in a retirement...Posted on May 20, 2019 8:00 AM by The Restoration Entrepreneur
The rule of thumb is contractors should spend 8% of gross revenue on marketing. $1 Million in revenue requires $80,000 of marketing to ensure you maintain your current level of...Posted on May 13, 2019 8:00 AM by The Restoration Entrepreneur
As a contractor, I was always opportunity greedy! What I mean by that is that if there was an opportunity to grow my business, I took it! I searched for...Posted on May 10, 2019 9:57 AM by The Restoration Entrepreneur
In order to get paid quicker once the job is completed, you need to understand the triggers that lead carriers to process payments. It’s really pretty simple – is the...Posted on February 6, 2019 7:44 AM by The Restoration Entrepreneur
One of the very first strategies to grow your restoration business is set profit goals for each and every sales and revenue source.Posted on January 22, 2019 9:00 AM by The Restoration Entrepreneur
If you want to jumpstart and fast track your sales these are the ways to do it! Each one of these referral sources can be sending work directly to you.Posted on January 8, 2019 9:00 AM by The Restoration Entrepreneur
Less than 20% net profit on your business earnings leads to poor cash flow, non-existent cash reserves, and limited personal wealth building.Posted on December 18, 2018 9:00 AM by The Restoration Entrepreneur
Discover the 2 common money-making generators that restoration businesses consistently use to push through the $1 million ceiling.Posted on December 4, 2018 9:00 AM by The Restoration Entrepreneur
Nothing will grow your company faster and add more to your top line growth than full-service! This is the best money maker in the industry!Posted on November 20, 2018 9:00 AM by The Restoration Entrepreneur
If you are one of the many contractors that wants work from TPAs call me, and you will discover that the costs are nominal, and the rewards are great.Posted on November 6, 2018 9:00 AM by The Restoration Entrepreneur
You can’t grow restoration business and be afraid of flooring. Why do many shy away from it? They haven’t figured out how to make money on flooring!Posted on October 23, 2018 9:00 AM by The Restoration Entrepreneur
Nothing propels growth faster than being a TPA partner. If you want rapid and sustainable revenue growth you need to take a look at these Networks.Posted on October 9, 2018 9:00 AM by The Restoration Entrepreneur
Like most forms of direct sales, owners are deeply dissatisfied with the meager results of their efforts. Here's what you can do about it.Posted on September 11, 2018 9:00 AM by The Restoration Entrepreneur
Will you settle for incremental growth or will you demand transformative growth for your business? One leads to medicority and the other to revitalization.Posted on August 15, 2018 9:16 AM by The Restoration Entrepreneur
Construction contractors want to grow construction company and are desperate to find ways to accelerate revenue growth and improve profit growth.Posted on March 31, 2018 10:58 AM by The Restoration Entrepreneur
For a contractors who wants to grow restoration business paying for tools for construction workers is the wrong way to go!Posted on March 17, 2018 12:17 PM by The Restoration Entrepreneur
One of the biggest complaints homeowners voice is that their insurance contractor takes forever to get their job done. Why is that?Posted on February 20, 2018 9:00 AM by The Restoration Entrepreneur
I must admit that I am not very supportive of commissions. The reason is they rarely work at producing the behavior for which they are given.Posted on February 13, 2018 9:00 AM by The Restoration Entrepreneur
A change order is any change to the scope of work agreed to by the contractor and customer. In the insurance industry it is typically an upgrade or a downgrade...Posted on February 6, 2018 10:17 AM by The Restoration Entrepreneur
For some owners growing their business is given only an occasional thought. But gaining new business, sustaining healthy profit margins, and accelerating gross revenue growth can’t be done in your...Posted on February 6, 2018 10:13 AM by The Restoration Entrepreneur
To grow your restoration business your company must pass several critical financial stress tests. How well are you really doing?Posted on February 6, 2018 9:00 AM by The Restoration Entrepreneur
Purchase orders provide the foundation to effective job costing and insures you get the facts on your production performance and profits.Posted on February 1, 2018 2:40 PM by The Restoration Entrepreneur
You won't grow restoration business buying supplies and building materials at retail which kills you at the profit line. You can buy wholesale and save big!Posted on February 1, 2018 10:02 AM by The Restoration Entrepreneur
Many contractors pay construction workers hourly, and most find this arrangement highly unprofitable. Don't let workers milk the clock and bilk your profitsPosted on January 31, 2018 4:53 PM by The Restoration Entrepreneur
If you want to grow water damage restoration business you need to take control of your all important subcontractor relationshipsPosted on January 30, 2018 9:00 AM by The Restoration Entrepreneur
I’m a truth and fact kind of guy. I have learned over my years in the restoration industry that the truth is rarely what we “think” it is. We need...Posted on January 23, 2018 9:00 AM by The Restoration Entrepreneur
Should I hire a direct sales team? Conventional wisdom would say “yes, of course.” If you said “yes,” you should understand what you are committing yourself to do. You are...Posted on January 16, 2018 9:00 AM by The Restoration Entrepreneur
I am talking about the trash talk I’ve seen on LinkedIn between contractors about what works and what doesn’t work in growing their businesses.