Keywords
remodeling, business growth, financial metrics, project management, accountability, strategic planning, numbers, decision making, profitability, construction industry
Summary
In this episode of the Why We Build Podcast, host Greg welcomes Doug Howard, a seasoned consultant in the remodeling industry. They discuss the critical role of numbers in making informed business decisions, the importance of understanding financial metrics, and how to empower teams with the right data. Doug shares insights on creating a culture of accountability, predicting business outcomes, and the significance of having clear expectations for performance. The conversation emphasizes that success in remodeling is not just about having data but knowing how to use it effectively to drive growth and profitability.
Takeaways
The RA Boot Camp is designed for remodeling companies ready for growth.
Understanding numbers is crucial for making informed decisions.
Doug Howard emphasizes the importance of clarity in financial metrics.
Project managers need access to real-time data to make effective decisions.
Creating a culture of accountability starts with clear expectations.
Predicting business outcomes is essential for long-term success.
The Know Your Numbers worksheet helps define profit goals and overhead costs.
Empowering teams with data leads to better performance and outcomes.
It's important to simplify complex financial concepts for better understanding.
Asking the right questions is key to leveraging data effectively.
Sound bites
"What do you want your profit to be?"
"You have got to know those numbers."
"You need better questions."
