Qualified Remodeler Magazine

JUL 2018

Qualified Remodeler helps independent remodeling firms to survive, become more professional and more profitable by providing must-have business information, namely best business practices, new product information and timely design ideas.

Issue link: https://qualifiedremodeler.epubxp.com/i/1004762

Contents of this Issue

Navigation

Page 7 of 67

to attract and retain talent over the long term. is is the hard work that takes years but has been shown to pay dividends for the long haul. With some notable exceptions, there is very little talk of investing in new, emerging tech- nologies (like solar power or drone-generated estimates). Such technologies could put com- panies on a more dynamic growth path, and perhaps solidify and grow a firm's reputation and prestige in the market. Lastly, there was very little discussion of keeping profits in the company—salting it away for a rainy day. It is remarkable how quickly the les- sons from a decade ago recede. Some of you have surely seen the recent film about Winston Churchill, "Darkest Hour," and the rap- id-fire decisions he had to make in his first few days as prime minister, a time when the U.K. had to either capitulate to Hitler or hold the line. A quote from Churchill was featured in the film: "Success is not final. Failure is not fatal. It is the courage to continue that counts." We are in a success phase of the remodeling and housing cycles. If you make good, long- term decisions today, you have an enormous opportunity to fortify your companies and make them built to last. e courageous and wise decisions now, like investing in programs to attract and retain your people and your trades, are certainly worth considering. | ext month we will present, for the 40th consecutive year, our annu- al listing of the industry's largest firms—the QR Top 500. And be- cause of the preliminary work that is required, I have the privilege of reading many hundreds of your applications in advance. In particular, I am interested in the challenges and opportu- nities cited in those documents. Most of what is being reported will not surprise any of you. On the challenge side: Skilled and unskilled labor is in critically short supply. Building ma- terial prices—par- ticularly lumber and steel—are rising pre- cipitously. Smart re- modelers are raising prices and finding ways to successfully pass along these add- ed costs to clients. On the opportu- nity side: e good times keep rolling. Remodeling is now as strong, possibly stronger, than it's ever been. A tax cut for 2018 and beyond is boosting business enthusiasm. And, because most of you are true entrepre- neurs, many see nothing but opportunity ahead and new places to invest those profits. Some are laying the groundwork for expand- ing into new markets. Some see a chance to expand the scope of services they offer. Indeed, these are times when dreams of being bigger and of being best occur most often. ese are times when it's good to be in the business. And yet I can detect, in the responses of many large- and medium-sized firms, a tad bit of hubris creeping into the picture. ere is very little men- tion of investing time and money in programs Success Is Not Final N If you make good, long-term decisions today, you have an enormous opportunity to fortify your companies and make them built to last. 8 July 2018 QR QualifiedRemodeler.com EDITORIAL DIRECTOR'S NOTE Patrick L. O'Toole Published by SOLA Group, Inc. 1880 Oak Ave., Suite 350 Evanston, IL 60201 847.440.3000 Publisher and Patrick L. O'Toole Editorial Director Patrick@SOLAbrands.com Ext. 103 Senior Editor Kyle Clapham Kyle@SOLAbrands.com Ext. 107 Managing Editor Kacey Larsen Kacey@SOLAbrands.com Ext. 105 Audience Development Donna Heuberger Donna@SOLAbrands.com Creative Director & Tracy Hegg Production Manager Tracy@SOLAbrands.com Senior Graphic Designer Erika Nygaard Erika@SOLAbrands.com Editorial Advisory Board Stephen Gidley, GMB, CAPS, CGP, CGB, CGR, CPRC, CR Jeffrey Holloway, CKD, CBD, CGR Michael Nagel, CGR, CAPS Scott R. Sevon, CGR, CAPS, GMB, CGP, GMR Donna Shirey, CGR, CAPS, CGP Kenneth P. Skowronski, CR Midwest and West Paul DeGrandis Sales Manager Paul@SOLAbrands.com Ext. 100 Midwest Sales Manager Jessica Fidrocki Jessica@SOLAbrands.com Ext. 117 National Automotive Tom Lutzke Sales TLutzke@ACBusinessMedia.com Product Showcase/ Mike Serino Classifieds Mike@SOLAbrands.com Ext. 102 Digital Programs Tim Steingraber Manager Tim@SOLAbrands.com Ext. 106 Projects Manager Heidi Riedl Heidi@SOLAbrands.com Ext. 111 Subscriptions QR Circulation Dept. (866) 932-5904 QualifiedRemodeler@omeda.com A preferred publication of the National Association of the Remodeling Industry and the NAHB Remodelers

Articles in this issue

Links on this page

Archives of this issue

view archives of Qualified Remodeler Magazine - JUL 2018