Remodeling Mastery by Mark Richardson

Ever wonder how you can improve on your own skills and expertise to be more successful in business? 90% of those in the remodeling industry are extremely efficient with the product aspect and the day-to-day grind of the business. But, where most tend to struggle is when they take a step back to look at themselves in the mirror. They ask questions like, "How can I scale the business for sustained growth?" or "How can I grow and become a better leader?" Well, you're in luck! Mark Richardson tackles this challenge of remodeling yourself by providing you with the 3 levels to remodeling yourself and how you can improve. Just remember, no matter what you decide to do, you need to plan!

Today's topics centers on managing and controlling growth. It's been said that if a business is not growing, it's dying. But, it's how you think about and how you manage growth that is what's critical, not just growth itself. Listen as Mark Richardson delves into the inner workings of properly controlling your growth at the right pace with a few major themes.

In a continuation of last week’s Remodeling Mastery episode – Themes of Success, Mark Richardson now shifts the focus to threats that exist that endanger success. The Seven Threats to Your Business: 1. Leadership 2. Alignment 3. Planning for the short, medium and long-term 4. Doing business with the wrong clients 5. Chasing the shiny objects mentality 6. Understanding, not managing a balanced pipeline 7. Mastering the labor and company culture The Three Threats to Your Business in 2016: 1. Presidential Elections that have implications of introducing unpredictability starting around September time frame. 2. Controlling the client and managing expectations and the process. 3. Mastering time and improving your time management skills Can you guess which the greatest threat to success is? Before you listen to Mark speak, take your guess in the comments section! There are thriving opportunities for remodeling contractors, it’s just a matter of identifying the threats to your success and knowing how to overcome them one at a time.

What does success look like to you? How do you be successful? How can you become more successful? As a columnist for Professional Remodeler Magazine and a recognized speaker, Mark Richardson knows a thing or two about being successful in the remodeling industry. Listen as Mark gives you the basis for growing a successful business in the form of 6 success themes. Theme 1 – Success is a verb, not a noun. Theme 2 – The concept of “I am a verb” Theme 3 – Be a student of success Theme 4 – The road to failure is paved by good intentions Theme 5 – 80% of remodeling success is a science, not an art Theme 6 – Understand the cadence and pace of growth The more you believe success is a science, the more you can craft a formula to achieve your goals.

"Roughly 50% of businesses out there in the remodeling industry have a family dynamic." - Mark Richardson Having a family business can be a wonderful thing, however, there are particular challenges that arise. The majority of businesses fail due to three basic principles: a lack of focus; failure to commit; and limited capital (i.e. time & money). Listen as Mark Richardson, host of Remodeling Mastery, outlines how family businesses can operate with limiting the amount of risk they take on in order to achieve a high level of success.

If you don't make mistakes, you aren't growing. The key to success however, is not making any mistakes, but minimizing the amount of mistakes you do make. In the first episode of 2016, this week in Remodeling Mastery, Mark Richardson discusses the top 10 mistakes he sees remodeling businesses and remodeling leaders make.

The calendar year may be nearing its end, but that doesn't mean it's too late to plan for the new year. It's up to you whether or not 2016 is the best year your remodeling business has to date or if it will be a less than stellar year. The choice is up to you! Remember, it's never too late to begin planning.

How do you develop and mature your remodeling business? This is the question Mark Richardsons proposes in this episode of Remodeling Mastery. He sees 7 key attributes of more mature businesses: 1) A clear sense of purpose – they know what they are about, i.e. mission statement and core values that are clearly communicated to the team. 2) The sweet spot – they know what their core project is that really defines what their business is about. Which project is your bread and butter that your team excels at? 3) Hungry and not desperate – They do the right things, the smart things at the right pace. Desperate businesses make a lot of mistakes and often seek out the wrong client that won’t allow them to grow and make a profit. 4) Balance – short, medium and long-term strategy and goals are well balanced - positioning for the future. The more mature businesses have a very nice balance perspective. 5) Ability to predict – They watch the market conditions, look back at history and use that skill to predict future outcomes. 6) Consistency in terms of results – sales, lead flows, profitability, both short term and long term. 7) Thinking in terms of growth – positioning themselves correctly, working very much on the business, not just on the day-to-day projects.

This week’s episode to Remodeling Mastery by Mark Richardson is focused all on planning for 2016. Specifically, how to plan, prepare, and think about the New Year. How you plan is what distinguishes a great remodeling business from simply a good one. As we reach the end of 2015, common logic takes us to a place where we step back and think about the business as a whole. As you think about what your plan for 2016, Mark addresses 7 big themes he’s seen so far within the Remodeling industry. Theme 1 – Work on your business vs. in your business Theme 2 – If you fail to plan, plan to fail Theme 3 – Change or Become Irrelevant Theme 4 – Defining Success Theme 5 – How Fit is Your Business? Theme 6 – Aggressive but Realistic Theme 7 – Creating Alignment

Today, Mark Richardson, host of Remodeling Mastery, discusses the subject of questions. There will always be times where you don't know the answers, but the key to success lies in knowing the right questions to ask to get to those unknown, much-needed answers. The following questions are meant to help guide you as you take your business to the next level. What is your motivation? What is the business's motivation? What is the core purpose of the business? What role do you have to play in that core purpose? What do you want the business to be and feel like in 3 to 5 years from now? What would you like to see your business look like in 3 to 5 years from now? Do you really want a business or do you want a practice? This is a hot debate in the remodeling industry! As an owner, what do you love doing? Is it in line with your business? What is your exit strategy? Do you even have one?