Keys for 2012 success in remodeling

16 industry leaders share their thoughts on the challenges and opportunities for 2012

January 18, 2012

John Todd, President
Elite Remodeling, Frisco, Texas
2011 Dallas Market Leader

Top opportunity
Increasing gross margins, improving skill sets and expanding the company’s brand through new partnerships.

Top challenge
“To see changes in a softening of our market early enough to plan for it, improve internal productivity through new processes and toolsets and reduce warranty expense through improved construction and communications.”

Key to 2012 success
“Having an up year, flat year or even a down year is OK in today’s environment, as long as I planned for it!”

Bill Shaw, President
William Shaw & Associates, Houston
2011 Houston Market Leader

Top opportunity
Not repeating the mistake of taking on lower-margin jobs just to keep working, while budgeting marketing dollars for
new opportunities.

Top challenge
“Our top challenge is to monitor our financials carefully and often, then to have a plan in place to modify our overhead expeditiously if we need to.”

Key to 2012 success
“How we market and how we sell are still the foundations for success in the
remodeling business. … No one in this industry can afford to relax, accept business as usual, and just be lazy.”

Allison Iantosca, Partner
F.H. Perry Builder, Hopkinton, Mass.
2011 Boston Market Leader

Top opportunity
Small project and maintenance division, F.H. Perry Home, poised to take off, providing an opportunity to keep in touch with old clients and attract new. “A place where people are willing to spend money. Order taking as opposed to bidding.”

Top challenge
Never taking any relationship for granted and constant reinforcement of F.H. Perry’s brand message and difference.

Key to 2012 Success
Selling projects through F.H. Perry Home such that it serves as a full-bodied revenue source and securing contracts for two or three big projects early in the year.

Matt Plaskoff, CEO
One Week Bath, Van Nuys, Calif.
2011 Los Angeles Market Leader

Top opportunity
Creating efficiencies and lean practices that will serve the business when the economy turns.

Top challenge
Maintaining a solid flow of viable leads and remaining flexible in a volatile economy. “It’s a more competitive market than ever and those that can provide an extraordinary product, service and value will continue to thrive,” Plaskoff says.

Key to 2012 Success
Being aware of the market and making change as necessary to respond to it.

 
 

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