Author: KEITH LEWIS

How to Control Your Cash Flow in Restoration Business

Are you looking for ways to control your cash flow in your restoration business? If so, you’re not alone. Many restoration business owners find themselves struggling to keep their heads above water when it comes to cash flow. But don’t worry, there are a few things you can do to help manage your money better. In this blog post, we’ll discuss some tips on how to better control your cash flow in your restoration business. So read on for more information!

Contractors often feel that using Purchase Orders is too much trouble, but this system can help contractors control their spending and make more money for themselves. I always stress the importance of cash flow management when speaking with new businesses about ways to take control in an industry where material costs are high due to labor shortages across all industries

In particular, there has been significant growth in residential remodeling which means competition among suppliers will only get worse without innovative business practices like those found through POs (Purchase Orders).

The best way to control your cash flow smoothly is by taking away employee access and control of funds.

The best way to keep your business running smoothly is by taking away employee access and control of funds. Why? It’s just common sense that if you don’t have any responsibility for spending money, then someone else will! And who wants their boss watching every penny they spend – especially when it can be avoided with some hard work on behalf of management teams now tasked at keeping an eye over spending habits within the company?

Picture this scenario – just prior to checking out at the Home Depot Pro Desk (who can open an account for your business requiring a PO number), you call into headquarters so that they know what materials are being bought and how many should be sent over. However, when picking up their purchase order coordinator says “stop,” because there is only one material run per day; then he asks about why everyone keeps coming back today with no answer as well…

The worker calls back at checkout and the clerk takes credit card information over the phone. Then they are asked by the coordinator if the fax is available, who happily provides it in order for the transaction to go through properly with no errors! Receipt goes into special email bin so that both job costings can be uploaded from CRM program as well customer file where materials purchased were bought too; once everything has been entered correctly – completed!

There are many different ways to keep construction workers accountable

There are many different ways to keep construction workers accountable, but one that has proven effective in preventing waste and fraud is the use of job costing. This process ensures consistent tracking so you can monitor your gross profits on every project carefully – it also provides an easy way for managers or auditors witharette to peruse records from previous jobs when looking into suspected errors.

When reviewing purchases against the PO register it is important to be thorough, since any purchase that was not authorized by you can quickly lead to problems. You should review all transactions and use your common sense when making decisions about how they were made aware – if something feels fishy then don’t hesitate! Coach train educate future buyers so we never have these issues again

At the end of the day, taking a little time out to investigate questionable purchases and spending can save you hours and potentially even money-down the road. Implementing some simple controls now will help keep your busin ess running smoothly so that you can focus on what’s important: making sales and providing top-notch service to your customers. Are you ready to take control of your purchasing process? You can Contact us today for a free consultation, we’ll get started putting together a plan tailored specifically for your business’ needs.

How to Start Water Damage Business in 5 Steps

In the event of a flood, water damage is often one of the most costly and time-consuming damages to clean up. If you’re looking for a way to start your own business and help people in your community during times of need, starting a water damage restoration business might be the perfect fit for you! In this guide, we’ll walk you through six steps to get your water damage business off the ground. Let’s get started!

1. Identify the need for water damage business services

To start a water damage restoration business, you must first identify the need for these services. Is your clients’ residence or commercial building suffering from mold growth due to flooding? Have there been recent floods that left behind standing pools of stagnant rainwater in front yards across town, creating unsightly stains on walkways near buildings where they form puddles below the street level when it rains heavily during certain seasons (such as summer)? Are visible signs appearing all over again?

2. Research the industry and develop a business plan

The water damage restoration industry is a competitive one. In order to stand out from the rest of your competition, it’s important that you research thoroughly and develop an effective plan before entering this field as well as maintain up-to-date with all changes within law regulations regarding business practices in America today!

3. Get certified by the IICRC

The IICRC certification is a requirement for those who want to start their own water damage business. It should be on your website so potential customers can see it and know that you are qualified, experienced professionals.

4. Market your services and grow your business

To grow your Water Damage Business, you need to market and promote it like crazy.

The key component in the growth process for any company is getting word-of-mouth advertising going on social media platforms such as Twitter or Facebook among other things that can help generate leads with potential customers looking online before they come into contact with someone face-to-face which would reduce their risk at least initially because there’s no cost associated unless something goes wrong later down the road when dealing directly with individuals who want what we offer.

5. Train employees and maintain high standards of service

If you want your water damage restoration business to be successful, then it’s important that not only do the employees know what they’re doing but also everyone in charge maintains high standards of service. This will ensure customers receive excellent care and help your word of mouth strategy.

Conclusion

 If you’re thinking of starting a water damage restoration business, these five steps will give you a good foundation to get started. However, there are always more things to learn and we’re here to help. Contact us if you have any questions about getting your business off the ground or growing it further. We wish you all the best in your new venture!

5 TIPS FOR RESTORATION BUSINESSES

If you’re a restoration company, then you know that marketing can be tough. There are so many ways to reach your target audience, but it can be difficult to know which ones will work best for you. In this blog post, we’ll outline five marketing ideas that should help you reach more customers and grow your business. Keep reading for more information!

  • Taking inventory of your company’s assets can help you pinpoint sales opportunities. This includes taking an accounting of the buildings and equipment, culture (i.e., customer service), industry knowledge as well as relationships with other companies in order to identify what is going right or wrong so that future growth may be more easily aimed at achieving success through targeted efforts rather than simply guessing when it comes down how best to plan out a new venture!
  • Knowing your customers is the key to cultivating relationships with them and satisfying unmet needs. Spend time getting acquainted by understanding what they want from you, not just in terms of services but also how best can provide that for their individual situation or problem
  • By encouraging employee accountability and mentorship, you can identify new growth opportunities. Improve morale by investing in customer service and training your employees on how best to serve customers; this will boost the company as well! Appointing managers who listen closely among their staffs’ questions or concerns also has a positive effect of boosting work productivity at any business with an open-minded environment like yours has adopted
  • Setting goals and working towards them will help you find new growth opportunities. SMART goals keep us motivated while adhering to a clear vision over set period of time, they’re specific (which means that there’s less uncertainty), measurable(the progress can easily be seen) achievable but most importantly for this article – relevant! If we want our plans today then it needs something worth getting excited about right? In short: Make sure your future self knows how much effort was put forth in order get whereyou are today
  • Invest in a restoration coaching program: The restoration entrepreneur can help your business stay organized and streamline your processes, letting you save time and make more money. The restoration entrepreneur offers a customized coaching program for your business and gives you a solution that’s capable of growing along with your business.

If you have any questions about the restoration business you can join FREE consultation call here.

How to Start Mold Remediation Business

Mold remediation is a growing industry, and if you’re thinking of starting your own business, it’s a great option. But where do you start? This guide will walk you through everything you need to know to get your business off the ground. From licensing and insurance requirements to marketing and customer service, we’ve got you covered. So read on for all the info you need to make your dream of owning a mold remediation business a reality!

1. What equipment and supplies you will need

To get started, you will need to purchase a water softener and dehumidifier. The type of machine depends on how much mold is present in the air; if it’s mild then something small like infants breathing device may work for your needs but when things are more severe there could be several equipment options available including whole house humidifiers or even adsorption machines that use electrical charges coupled with UV light energy which kill germs without blowing holes through them!

2. How to find clients and market your business

The best way to find new clients is by advertising on social media platforms. You can also promote your business in person, or through online forums and blogs where mold remediation specialists might share information about their work with others who need help finding a professional cleaner for an existing problem as well as those seeking advice related specifically to people cleaning homes due primary reasons such as health concerns after exposure, etc…

Mold remediators often advertise locally first which gives them access not just to local but national marketing channels.

3. How to charge for your services

Charge by the hour for your mold remediation services. It is best to have an hourly rate so that you can bill more efficiently and eliminate any confusion about what it would cost someone else in case of a mistake or overage on materials used during work hours, which could lead them thinking its too expensive when really not enough was done due care being taken with their property’s health status after cleanup finished at all times always provide clear pricing upfront before starting jobs whenever possible because people want guarantees these days!

4. Insurance and licensing requirements for mold remediation business

Mold remediation businesses should be aware of the insurance and licensing requirements for their industry. They need to ensure that they maintain proper liability coverage in case something goes wrong, as well as have enough funds available at all times during emergencies such as natural disasters or fires which can cause damage due to Molds consuming organic materials onsite if left unchecked

5. Tips for keeping your business running smoothly

a. Develop a good system for tracking projects and tasks
b. Keep accurate records of all work done and expenses incurred
c. Stay organized and efficient in your work habits
d. Maintain positive relationships with clients and subcontractors
e. Be proactive in finding new leads and business opportunities
f. Take care of yourself – make sure to get enough sleep and exercise, and eat a healthy diet

Conclusion

In order to start a mold remediation business, there are a few things you will need. Equipment and supplies are essential, as well as finding clients and marketing your business. It’s important to know how to charge for your services and also be aware of the insurance and licensing requirements for running this type of business. Finally, here are some tips to help keep your business running smoothly. If you have any questions, please don’t hesitate to reach out to us. We would be happy to help!

Increase Your Restoration Company’s POMS Score and Get More Work!

Are you a restoration entrepreneur with solid growth and a lot of TPA business? If so, your success can be attributed to two key factors: your hard work and the right metrics. But what if you’re not getting the work that you want because of your POMS score? Don’t worry – we wrote the book on obtaining more work from programs, and we can help you and your team with scoring and metrics. There are also other ways to increase your POMS score that don’t involve raising it directly. Through our programs, we show you a “value add” perspective that YOU can use to increase assignment count outside of just reviewing POMS scores.

What is the POMS Score?

The POMS (Performance Outcomes Measurement System) Score was developed by insurance companies to measure the performance of vendors in many areas, such as response time, billing accuracy, customer service quality, etc. The higher your score, the more likely insurance companies are to give you more assignments. This is why it’s so important for restoration entrepreneurs to maintain high POMS scores.

Avoid Shortfalls That Limit Assignment Counts

One way to increase your POMS score is by avoiding shortfalls that may be limiting the assignment count. Depending on which shortfalls apply to your business, there may be one or more areas where improvement can be made. For example, if you are responsible for responding quickly but have been slow in doing so lately, then this could be causing a decrease in assignment counts due to a low POMS score. The solution here would be to make sure that all response times are being met consistently in order to raise your score back up again. Other shortfalls might include inaccurate billing or poor customer service quality. Whatever it is, making sure these issues are resolved will help improve your performance and get more assignments from insurance companies who have an eye on those metrics when assigning out work orders.

Focus on “Value-Added” Services

Another way of increasing your POMS score is by focusing on “value-added” services outside of just reviewing scores themselves. For example, some companies might offer additional services such as job site inspections or online estimates for customers for no extra cost – something that could give them an edge over their competition in terms of customer satisfaction and value-added services offered. By providing these services proactively before they even ask for them, customers will appreciate this added benefit and remember it when they go to assign future jobs again – resulting in higher assignment counts due to better customer satisfaction ratings overall!

Conclusion

Increasing your restoration company’s POMS score doesn’t have to be a daunting task; with our programs and guidance, we can teach you how best to get more assignments from insurance companies without having to raise the actual score itself. Focusing on avoiding shortfalls that limit assignment count as well as offering value-add services like job site inspections or online estimates can help boost customer satisfaction ratings—and ultimately lead to higher assignment counts due to better customer reviews overall! With our team at hand every step of the way helping guide you through any obstacles along the way, rest assured that our systems will help get your business back up on its feet again – so go ahead and contact us today!

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The First Three Steps to Starting Your Restoration Business

Starting a restoration business is a significant undertaking, but it doesn’t necessarily mean that you can’t do it and do it well.

In this short blog we’ll look at the first three steps to starting your business. They might not be the same first steps as others would recommend, but these should be part of the first few things you do.

1) Ask yourself if there’s enough business to go around – This might seem like an easy decision, but you should look at the referrals you give to others and the jobs you know that you could get. Can you make a complete business out of that? The issue is that if you own a carpet cleaning business, you have a lot of referrals, but are they enough to sustain a whole new business with whole new crew and new equipment?

Too often, people start a business without really looking at how well they can do. They go with their gut, but this part of the decision-making process requires that you take out paper and pencil and crunch some numbers. Can you hire a crew, buy new equipment, afford the insurances, etc. with what you can see from where you are right now?

This part might seem like a downer, but it’s necessary. You shouldn’t start a business until you know you can get the work.

2) Licensing and insurance – Start your business completely covered with the legal stuff first. You can’t (or shouldn’t) take on work without the right licenses and insurance in place. If you don’t get that part done, nothing else matters. In most cases, you can do these things right on your computer without a lot of effort. Pay for them and they’ll get you set up. If you already have a business license, you might be able to do a DBA. If you have business insurance, you might only need to contact your insurance agent and expand it to the new business.

3) Figure out what you want to do and what you’ll give to others – Consider if you want to do things like plumbing or roofing as part of your restoration business. It can take a lot of planning to add these large services on, but they might be profitable. In many cases, you need to find a qualified specialist to work for you. Having a plumber, an electrician, and a roofer on staff can make your team seasoned and able to handle almost any development.

The first few steps to starting any business are planning and paperwork. They aren’t the exciting “go out and get work” part, but if you start by planning well, you’ll have your business up and running in no time.

If you need help starting your restoration business or expanding your current business, contact us at the Restoration Entrepreneur. That’s what we do.

Photo by Anete Lusina from Pexels

Restoration Business Coaching – The Startup Igniter

RESTORATION BUSINESS COACHING

Plan F – The Startup Igniter

Race to Success with Rock-Solid Sales Sources and a Ready-for-Growth Business Foundation

Every new owner begins his or her business with the dream of becoming a multimillion dollar company. To achieve this you need a business built for growth and an immediate river of sales. The Startup Igniter delivers both. We will help propel your growth with robust mitigation and construction services and provide sources, strategies, techniques and tools that will have your phones ringing in no time! There is not a more effective plan available anywhere to insure you first year is a great one!

There is so much to do during the initial formation of your company. Questions to answer, issues to resolve, and strategies to employ. In The Startup Igniter you will find the help you need in each of these areas. You CAN succeed, You CAN thrive, and you CAN build the company of your dreams and we WILL help you do it!

The Business Foundation

  • We will provide direction and support in assessing personnel, policies, positions and compensation plans as your company is formed and grows.
  • We will provide you with a Restoration Company Chart of Accounts to help insure you organize your business finances according to industry standards.
  • We will help you establish financial controls for bookkeeping, Accounts Payable management, credit card usage, job costing procedures and practices, material purchasing controls, and Accounts Receivable processing including mortgage company processing procedures.
  • You will receive assistance in determining reasonable levels of equipment and vehicle purchases as your business expands.
  • We will recommend appropriate training courses and valuable certifications for the business, owner and staff as the company grows.
  • Together we will chart your company’s financial, operation, and marketing development during those first critical years to help you insure your success.

Getting Work and Growing Sales

  • The Startup Igniter will provide you with the best on trend strategies and the most effective sources of work to insure you gain a strong financial foothold during the first year of operation.
  • You will be introduced to ALL 8 National Third Party Administrators (TPA) who manage the bulk of insurance property claims. We will provide you with the right contact for your company, coach you on how to make the most positive and notable first impression, show you how to navigate the application process, inform you what most interests each TPA in reviewing contractor applications, and walk you all the way through to program selection. Our client contractors are typically activated for three or four TPA programs during the initial application process. For those TPAs that don’t activate your company immediately we will show you how to work around the barriers that hinder activation in order to help accelerate your company’s selection.
  • You will learn the secrets of on trend marketing strategies that really work in getting more work from insurance agents, plumbing contractors, realtors, and commercial property managers and owners. More insurance loss referrals are made outside of insurance programs than through them. You will develop a unique strategy for each group to foster relationships that lead to referrals. You will begin this effort with plumbing contractors who come in contact with water damage every single day. They can put you well on your way to securing one job every week of the year. Your focus for maximum success is not on the individual customer you want to serve but on the referral source who can refer many customers to you over the course of a year. I had one insurance agent refer over $300,000 of work to me in a single year and I never once had asked for the work. This is what you want to work towards too—referral sources that regularly send work to you.
  • You will receive all the support needed to implement an effective construction services division. It is hard to imagine how new restoration companies that perform mitigation only find the traction to survive their first year. With the typical mitigation job ranging in size from $2000—$2,500 how many jobs would it take to earn enough to pay yourself and crew, service your startup debt, and grow your business? A lot! When a restoration company shows up at the front door of a water damaged home the homeowner expects you to do the entire job. So why not do it! The typical rebuild job is $10,000 by adding the construction services rebuild to every secured mitigation job makes all the difference in a startup restoration company’s survivability and thrivability.

If you secure 1 mitigation job per week for 52 weeks and do the construction build back for each and every job you will generate approximately $650,000 in annual sales. You can earn a 50% profit from the mitigation and construction services resulting in an annual profit exceeding $300,000. This base provides the cash flow needed to sustain your operation, grow your business, and provide for your family’s financial needs. You can achieve this and we will help you do it!

  • You will be introduced to three Government Agencies that work in your community, and who provide homeowner grants ranging in size from $7,000 – $70,000. Each agency is searching for dependable and quality contractors to which they send referrals. You could become one of those privileged contractors receiving these fast paying high quality referrals for customers who already have money in hand, and possess a strong determination and need to complete their remodel quickly!
  • We will introduce you to referral sources that can result in $1 million of fire services available right now in your community. What would it mean to you if you began receiving referrals from local fire departments, law enforcement agencies, and first responder services who invite you inside the protected area of the incident? Say NO to fire chasing, and YES to referrals from local fire referral sources.
  • You will have unlimited access to The Restoration Entrepreneur Network (hosted on LinkedIn) peer-to-peer learning community. This gives you access to company owners who are working hard at growing their businesses with whom you can ask any question you want, as well as learn from the questions and answers others are sharing back and forth. Learning from other practitioners is a valuable opportunity you don’t want to miss out on.
  • If you want to jumpstart and fast track increased sales growth this is the way to do it. Each one of these sources listed could be sending work directly to you. Not leads that you have to go out and sell, but referrals and assignments that result in high capture rates.
  • My company did $5 million of revenue per year comprised of nearly 800 jobs. The majority of our work came directly to us by insurance carriers through TPAs. How could you possibly create a marketing process that would produce that many assignments and do it year after year? Every fast growing large restoration company I know has made their mark largely by contribution of insurance program work. Imagine what direct assignments could mean to you as the number of carriers grows year after year.
  • Diversifying your revenue sources will protect you from over dependence upon a single source of sales revenue. Adding referral sources from government agencies, local fire service providers and local industry professionals will build a broad and strong revenue base shielding you from unexpected changes in the marketplace.

Growing Your Profits and Improving Your Operation

  • Working together we will set profit margin benchmarks for each revenue source for your business. We will determine your typical per job profit margin and set steps to bring about immediate improvement where needed.
  • We will give you immediate access to flooring and other material wholesalers who provide your materials at 35% – 50% below retail costs. No more sending customers to local retailers where they spend every nickel you are allotted for their materials. By taking the showroom to them you can insure customers are getting the same quality materials but ay deeply discounted prices for you. You will discover other profit producing programs for purchasing drywall, paint, roofing supplies, and many other materials commonly used on most damage repair jobs.
  • We will introduce you to internal Xactimate features and estimating practices that most estimators are completely unaware of that will insure the level of thoroughness and accuracy that earns you more money on every job. Imagine if your estimators left just 5% of chargeable lines items off their estimates and the positive impact it would have on your business if you were able to reclaim those losses?
  • More money is lost through a lack of control over material purchasing than any other single issue. When was the last time your crew bought 15 sheets of drywall when the estimate allowed for only 10; or paid $35 a gallon for paint when the estimate paid you only $26; or paid $200 for a sink for which you were paid only $95? We will introduce you to Xactimate features that will enable you to take control of material purchasing insuring huge savings on every job every time.
  • You will learn how to present scopes of work with acceptable labor charges to your subcontractors. We will show you how to keep control of labor costs without upsetting or losing your subcontractors, and lock in your profit achieving 50% profit per job every time for your construction work. Life is so much better when you have the cash flow to support your business and not worry each week as payroll approaches.
  • All of this and so much more completes the services offered through The Business Transformer. Financial statements and controls will be reviewed to insure good management practices are in place for Accounts Payable management, credit card usage, job costing procedures and practices, material purchasing controls and Accounts Receivable procedures including mortgage company payment processing procedures.
  • Imagine the benefit of having a personal trainer available to you to answer any question about any issue you face including restoration industry technicals of drying and construction. How do you resolve issues with problem homeowners, or adjusters, or employees? Do you need insight into how to deal with a particular problem for which you are unclear which response to choose? How many times have you wished you had available an experienced restoration expert who could weigh in on a critical decision you must make? Now you can have all of the help you need for any issue you want help with through The Business Transformer. What could be more life changing than this!

 

Available Plans: Discounts are available for multiple Plan options

Plan A – THE REVENUE GENERATOR

The Ultimate Revenue Booster for Your Business Sales Growth

 

Plan B – THE SALES DOUBLER

Fast Track Your Company’s Growth by Becoming a Full-Service Industry Leader

 

Plan C – THE PROFIT MAKER

Make More Money Than Ever Before Managing Your Business Like a Pro!

 

Plan D – THE BUSINESS TRANSFORMER

Double, Even Triple Your Business in 18 – 24 Months

 

Plan E – THE WEALTH BUILDER

Increase Your Personal Wealth with a Net Profit Explosion

 

Plan F – THE STARTUP IGNITER

Race to Success with Rock-Solid Sales Sources and a Ready-for-Growth Business Foundation

 

Plan G – THE RETIREMENT ACHIEVER

Maximize Your Business Sale and Cross Over into Retirement with Financial Security

 

Plan H — THE BUSINESS BUYER’S EDGE

Make the Absolute Best Decision Buying the Perfect Business for You

 

Plan I — THE BUSINESS CUSTOMIZER

100% Customized Plan for the Pursuit of Business Excellence!

 

Contact me TODAY and let’s get started!

Restoration Business Coaching – The Revenue Generator

RESTORATION BUSINESS COACHING

6 Month Coaching Plan – The Revenue Generator

The Ultimate Revenue Booster for Your Business Sales Growth

Every business owner wants to grow his or her business. Owners want more work, more revenue, higher profit margins, add new services, and generate more leads. If you want to dramatically accelerate your revenue this is the plan for you!

Available only at The Restoration Entrepreneur this plan delivers the greatest number and most highly effective strategies for becoming a successful insurance program contractor. Through participation in any of the 10 National Third Party Administrator Networks and selection by community based government agencies, local fire services, and effective marketing to insurance agents, plumbers, and property managers you will produce more work than you can possibly imagine.

Many business owners are desperate for proven and tested ways they can generate more sales. With our fast start strategies and tools you can get an immediate boost in sales that continue to accelerate and generate more revenue for your company.

Here is a description of the help you will receive from this 6-month Coaching Plan:

  • Available only through The Restoration Entrepreneur You will be introduced to ALL 10 National Third Party Administrators (TPA) who manage the bulk of insurance property claims volume. I will provide you with the right contact for your company, coach you on how to make the most positive and impressive first impression, how to navigate the application process, inform you what most interests each TPA in reviewing contractor applications, and walk you all the way through to program selection. My client contractors typically are activated for five or six TPA programs during the first 120 days and many begin receiving assignments within 45 days of first contact. For those TPAs that don’t activate your company immediately I will show you how to work around the barriers that hinder activation in order to help accelerate your company’s selection.
  • You will be introduced to three Government Agencies that work in your community, and who provide homeowner grants ranging in size from $7,000 — $10,000 — $70,000. Each agency is searching for dependable and quality contractors to which they send referrals. You could become one of those privileged contractors receiving these fast paying high quality referrals for customers who already have money in hand, and possess a strong determination and need to complete their remodel quickly!
  • I will introduce you to referral sources that can result in $1 million or more of fire services available right now in your community. What would it mean to you if you began receiving referrals from local fire departments, law enforcement agencies, and first responder services who invite you inside the protected area of the incident? Say NO to fire chasing, and YES to referrals from local fire referral sources.
  • For those contractors who are interested in expanding their fire services you can design and implement a customized marketing campaign for pack-outs and contents processing services as suggested in Designing a State-of-the-Art Contents Processing Center. Providing both reconstruction and contents cleaning services marks a contractor as a true fire services provider. This option is offered for immediate implementation for interested contractors, or can be added at any time during the duration of this agreement.
  • You will learn the secrets of on-trend marketing strategies that really work in getting more work from local professionals in your community such as insurance agents, plumbing contractors, HVAC contractors, Industrial Hygienists, commercial property managers, and realtors. More insurance loss referrals are made outside of insurance programs than through them. You will learn how to secure more of this work for your company than ever before.
  • If you want to jumpstart and fast track increased sales growth this is the way to do it. Each one of these sources could be sending work directly to you. Not leads that you have to go out and sell, but referrals and assignments that result in the highest possible capture rates.
  • My company did $5 million of revenue per year comprised of nearly 800 job a year. The majority of our work came directly to us by insurance carriers through TPAs. How could you possibly create a marketing process that would produce that many assignments and do it year after year? Every fast growing large restoration company I know has made their mark largely by contribution of insurance program work. Imagine what direct assignments could mean to you as the number of carriers grows year after year.
  • Diversifying your revenue sources will protect you from over dependence upon a single source of sales revenue. Adding referral sources from government agencies, local fire service providers and local industry professionals will build a broad and strong revenue base shielding you from unexpected changes in the marketplace.
  • You will have unlimited access to The Restoration Entrepreneur Network (hosted on LinkedIn) peer-to-peer learning community. You will have access to company owners who are working hard at growing their businesses with whom you can ask any question you want, as well as learn from the questions and answers others are sharing back and forth. Learning from other practitioners is a valuable opportunity you don’t want to miss out on.
  • Imagine the benefit of having a personal trainer available to you to answer any question about any issue you face including restoration industry technicals of drying and construction. How do you resolve issues with problem homeowners, or adjusters, or employees? Do you need insight into how to deal with a particular problem for which you are unclear which response to choose? How many times have you wished you had available an experienced restoration expert who could weigh in on a critical decision you must make? Now you can have all of the help you need for any issue you want help with through The Revenue Generator. What could be more life changing than this!

If you want to become an insurance program contractor, expand the number of programs you qualify for, and add solid referral sources that send work directly to you this is the right plan to greatness and to growth.

 

AVAILABLE COACHING PLANS:

9 MONTH COACHING PLANS

  • THE BUSINESS TRANSFORMER

Double, Even Triple Your Business in 18 – 24 Months

  • THE STARTUP IGNITER

Race to Success with Rock-Solid Sales Sources and a Ready-for-Growth Business Foundation

  • THE RETIREMENT ACHIEVER

Maximize Your Business Sale and Cross Over into Retirement with Financial Security

6 MONTH COACHING PLANS

  • THE REVENUE GENERATOR

The Ultimate Revenue Booster for Your Business Sales Growth

  • THE SALES DOUBLER

Fast Track Your Company’s Growth by Becoming a Full-Service Industry Leader

  • THE PROFIT MAKER

Make More Money Than Ever Before Managing Your Business Like a Pro!

3 MONTH COACHING PLANS

  • THE CASH FLOW ACCELERATOR

Blow the Lid Off Your Cash Flow Chaos

  • THE ESTIMATOR EXTRAORDINAIRE

Creating Excellence and Higher Profits in Estimating

  • THE RAIN-MAKER

Nail It—Make Your Next Million in Roofing

CUSTOMIZED COACHING PLANS

  • THE BUSINESS BUYER’S EDGE

Make the Absolute Best Decision Buying the Perfect Business for You

  • THE WEALTH BUILDER

Increase Your Personal Wealth with a Net Profit Explosion

  • THE BUSINESS CUSTOMIZER

100% Customized Plan for the Pursuit of Business Excellence

Contact me TODAY and let’s get started!

Restoration Business Coaching – The Retirement Achiever

RESTORATION BUSINESS COACHING

The Retirement Achiever

Maximize Your Business Sales and Cross Over into Retirement with Financial Security

 

We help you get the maximum value for the business you worked so hard to build. We will help you insure your business growth is positive and rising; your net profit is strong and increasing; and each aspect of your financial and operational structures represents the best practices of our industry. You CAN achieve a top dollar sale of your business if you take time to prepare. The countdown to retirement could begin today!

Getting you ready for sale is comprised of three primary emphases: financial and operational development, increasing your top line revenue growth, and improving your bottom line net profit.

Buyers are interested in financial statements that present gross revenue, net profit, year-over-year comparisons and indebtedness. Buyers want confirmation that the financial practices of the business exhibit integrity, accountability and transparency. They are interested in the organization and presentation of financial statements that are clear and follow Generally Accepted Accounting Practices (GAAP). Buyers evaluate financial controls that help to verify the company’s financial statements are reliable, and show a complete and accurate picture of the financial health and history of the business. If a Buyer’s review of financial statements and practices does not meet their minimum expectations they may choose to not move forward in their consideration of the purchase. Therefore, it is vital that each aspect of the company’s financial systems are ready for review and meet industry standards.

Buyers also expect to see that revenue is stable or increasing year over year if they are to pay top dollar for the sale. Revenue should display diversity in its sources and be clearly presented in a line item breakdown by category. Financial Statements should clearly show where growth has occurred over the past three years along with an explanation of what activity has led to changes in sales by category and source. Additionally, Buyers are interested in a business that has potential for growth. Having a business development plan in place that presents an ongoing and future picture of opportunity for growth goes a long way in helping potential Buyers gain confidence that their purchase provides a good opportunity for their future. Developing such a plan is equally vital to earning top dollar for the business sale. Each of these areas helps the Seller’s efforts to maximize their sales price.

While Buyers are interested in financial integrity and sales the Seller is most interested in net profit. Net profit along with Seller add backs such as salary, owner distributions and draws, and other owner benefits will comprise the Seller’s Discretionary Income which is used to calculate a reasonable sales price. Improving net profit is vital to the Seller’s efforts to secure a top dollar sale. Net profit should be at the upper end of industry standards nearing 20% or more of gross sales. Improving internal operational efficiencies is the focus of our efforts to help you improve the net profit of your business.

Here is a description of the help you will receive from this 12-month Coaching Plan:

Financial Statements and Processes

  • We will review financial statements including Income Statement and Balance Sheet. The review assesses the Chart of Accounts for its clarity, and reviews the way the company organizes itself financially. Further it evaluates the way sources of income are broken down and recorded to insure transparency of each revenue source. It includes a line item evaluation of Cost of Goods and Expenses as a percentage of income and identifying areas that may need correcting.

  • We complete an assessment of financial controls for bookkeeping, Accounts Payable management, credit card usage, job costing procedures and practices, material purchasing controls, and Accounts Receivable processing including mortgage company processing procedures.

  • Our review of the most recent three years of financial statements will assess changes in Sales, Cost of Goods, Expenses and Net Profit.

  • We will help you determine a reasonable sales price for the business using a three year average of net profit and owner add backs multiplied by an appropriate industry multiplier. This forms a base to determine your business potential sales price in order to retire with financial strength and lays the basis for goals and efforts to grow the company.

Accelerating Revenue

  • Available only through The Restoration Entrepreneur you will be introduced to ALL 8 National Third Party Administrators (TPA) who manage the bulk of insurance property claims. We will provide you with the right contact for your company, coach you on how to make the most positive and notable first impression, show you how to navigate the application process, inform you what most interests each TPA in reviewing contractor applications, and walk you all the way through to program selection. Our client contractors are typically activated for three or four TPA programs during the initial application process. For those TPAs that don’t activate your company immediately we will show you how to work around the barriers that hinder activation in order to help accelerate your company’s selection.

  • You will be introduced to three Government Agencies that work in your community, and who provide homeowner grants ranging in size from $7,000 – $70,000. Each agency is searching for dependable and quality contractors to which they send referrals. You could become one of those privileged contractors receiving these fast paying high quality referrals for customers who already have money in hand, and possess a strong determination and need to complete their remodel quickly!

  • We will introduce you to referral sources that can result in $1 million of fire services available right now in your community. What would it mean to you if you began receiving referrals from local fire departments, law enforcement agencies, and first responder services who invite you inside the protected area of the incident? Say NO to fire chasing, and YES to referrals from local fire referral sources.

  • You will learn the secrets of on trend marketing strategies that really work in getting more work from insurance agents, plumbing contractors, and commercial property managers and owners. More insurance loss referrals are made outside of insurance programs than through them. You will learn how to secure more of this work for your company than ever before.

  • You will have unlimited access to The Restoration Entrepreneur Network (hosted on LinkedIn) peer-to-peer learning community. This gives you access to company owners who are working hard at growing their businesses with whom you can ask any question you want, as well as learn from the questions and answers others are sharing back and forth. Learning from other practitioners is a valuable opportunity you don’t want to miss out on.

  • If you want to jumpstart and fast track increased sales growth this is the way to do it. Each one of these sources listed could be sending work directly to you. Not leads that you have to go out and sell, but referrals and assignments that result in high capture rates.

  • My company did $5 million of revenue per year comprised of nearly 800 jobs. The majority of our work came directly to us by insurance carriers through TPAs. How could you possibly create a marketing process that would produce that many assignments and do it year after year? Every fast growing large restoration company I know has made their mark largely by contribution of insurance program work. Imagine what direct assignments could mean to you as the number of carriers grows year after year.

  • Diversifying your revenue sources will protect you from over dependence upon a single source of sales revenue. Adding referral sources from government agencies, local fire service providers and local industry professionals will build a broad and strong revenue base shielding you from unexpected changes in the marketplace.

Improving Net Profit

  • I will assess the design, structure, and implementation of the construction services division including identifying necessary personnel for where you are right now and who will be needed in the future to expand your capacity for even more work. I will help you determine reasonable compensation for each position based upon performance objectives, determine needed equipment, help you prepare subcontractor contracts, and build new relationships to support your growing construction work. I will help you with everything you need to know and do to effectively manage and grow this division of work.

  • I will complete an internal assessment of personnel, policies, positions and compensation with recommendation for improvement or further development.

  • You could earn 50% profit on every construction services job you do. I will show you how to achieve this through profit improving techniques in estimating, controlling material purchasing and labor costs. I will show you how to take control of your construction services and earn top profit margins on every job every time.

  • Working together we will set profit margin benchmarks for each revenue source for your business. We will determine your typical per job profit margin and set steps to bring about immediate improvement where needed.

  • We will give you immediate access to flooring and other material wholesalers who provide your materials at 35% – 50% below retail costs. No more sending customers to local retailers where they spend every nickel you are allotted for their materials. By taking the showroom to them you can insure customers are getting the same quality materials but ay deeply discounted prices for you. You will discover other profit producing programs for purchasing drywall, paint, roofing supplies, and many other materials commonly used on most damage repair jobs.

  • I will help you insure that your estimators are not leaving money on the table. What difference would it make if you closed the back door to this profit killer? I will introduce you to internal Xactimate features and estimating practices that most estimators are completely unaware of that will insure the level of thoroughness and accuracy that makes you more money on every job. Imagine if your estimators were leaving just 5% of chargeable lines items off their estimates and the positive impact it would have on your business if you were able to reclaim those losses?

  • More money is lost through a lack of control over material purchasing than any other single issue. When was the last time your crew bought 15 sheets of drywall when the estimate allowed for only 10; or paid $35 a gallon for paint when the estimate paid you only $26; or paid $200 for a sink for which you were paid only $95? We will introduce you to Xactimate features that will enable you to take control of material purchasing insuring huge savings on every job every time.

  • Are your change orders out of control? Do your estimators and project managers even know how to complete proper change orders? Do you pay more or do more work for your customers because you don’t know how to use change orders? We will show you how to take control of your change orders so that you are not paying for someone else’s dream or upgrade.

  • Do you accept bids from subcontractors? If you do you are paying too much for your labor. We can show you how to take control of labor costs without upsetting or losing your subcontractors, and lock in your profit achieving 50% profit per job every time for your construction work. Life is so much better when you have the cash flow to support your business and not worry each week as payroll approaches.

  • Stop paying subcontractors an hourly wage. Contractors are known for milking the clock and costing you money when paid hourly. I will show you how to use Xactimate to determine a per job approach to labor that will encourage worker efficiency that will actually increase their hourly rate making them more money than ever before and at the same time locking in your profit. Say “NO” to hourly wages and “YES” to paying by the job every time!

  • Roofing is the General Contractors best and most overlooked opportunity for a major boost to sales. In the past 10 years roofing has become a high priority for TPAs and preferred contractor programs, and has produced dramatic increases in claims volume for program contractors. Most insurance carriers now send their roofing claims through their TPA programs directly to preferred General Contractors. You can get in on the revenue and profit surge roofing provides by adding this construction niche to your service offerings.

  • You’d be hard pressed to find a business owner who didn’t believe cash flow was one of their biggest and most pressing problems. It is one of the clearest indicators of success or distress and of operational excellence or dysfunction. I will help you implement a multi-faceted system that can help you solve your cash flow chaos once and for all. The biggest issue most contractors face is not over-spending, but rather not getting paid soon enough for work completed resulting in a financial float that gets to be more and more and more until it is unbearable. I will show you how to get your first construction draw at the start of the job instead of waiting until you are done before you see your first cash. I will help you squash excess spending, effectively navigate the mortgage company maze, and get your final payment on time instead of waiting for months.

  • Imagine the benefit of having a personal trainer available to you to answer any question about any issue you face including restoration industry technicals of drying and construction. How do you resolve issues with problem homeowners, or adjusters, or employees? Do you need insight into how to deal with a particular problem for which you are unclear which response to choose? How many times have you wished you had available an experienced restoration expert who could weigh in on a critical decision you must make? Now you can have all of the help you need for any issue you want help with through The Retirement Achiever. What could be more life changing than this!

  • Do you want to earn top dollar on each construction job? What difference would this make in your cash flow and your year-end net profit, and your personal wealth? You can, and should, and you can start now!

  • For many business owners the best place to start in earning more money is to improve internal operational efficiencies that increase cash flow and profit. Close the door to profit-killers and keep more of the money you have already earned.

There is a lot to accomplish to get ready to sell your business. The Retirement Achiever will help you prepare your business for a top dollar sale.