In part five of the "7 Lessons Learned from $500 Million in Restoration Transactions" series, Gokul Padmanabhan discusses the letter of intent, must-have clauses and how to ensure your exclusive agreement with the buyer leads to a favorable transaction.
Jon Isaacson shares a story that points to the power of breathing fresh life into existing assets. “As we celebrate the dawn of a new year, perhaps this year isn’t as much about chasing what is new –manufacturing, remodeling, or accumulating – but discovering what is already there and putting the pieces together just a bit more concisely. The old new.”
As countless restoration companies struggle to find and keep employees, more people want to work for Paul Davis of Greater MSP than the franchise has openings. Owner Caleb Brunz shares his secrets to staffing success and overviews his newly launched Pathways Trades Academy.
In this episode of Ask Annissa, Annissa Coy offers two practical ideas to a restoration business owner struggling to bring money in the door one year after opening. In his heartfelt plea for advice on quickly finding jobs, he asks, “If you were in my shoes, what would you do?”
What do people, in general, want from employers? How are other industries treating employees and candidates? Answering these questions offers up ideas, lessons and competitive intel from beyond the world of restoration. After all, restoration businesses aren’t just competing against each other for talent.
Jesse Mount, co-owner of Asbestos Abatement, Inc., shares his transition from project manager to co-owner as well as working hand-in-hand with restoration contractors to remove asbestos.
Job planning and scheduling are critical to business success in restoration. Lisa Lavender shares how they impact operations, and ultimately the bottom line, for better or worse. She shares tips on how to elevate your existing planning and scheduling system, or create a new one that boosts efficiency.
Mike Fulton, president of Verisk Property Estimating Solutions, talks trends and innovations in claims estimating, ongoing areas of interest among contractors like Xactimate pricing, the impact of external forces like inflation on property claims, educational highlights for Verisk Elevate 2022, and an Xactware rebrand.
Chuck Boutall, director of training with Restoration Technical Institute, shares four tools every restoration contractor should have in their toolbox – you guessed it – something old, new, borrowed and blue!
One of the greatest pains Timothy Hull sees small business owners endure is the cycle of being so busy working in their business that they can’t find the time to do the fundamental things necessary to grow it beyond where it is at that moment. They are literally slaves to their business.
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