Technology and consumer behavior has had an impact on nearly every industry in the last 20 years, however, it is my belief that ours has evolved as a profession.
It is our hope that through this study we can collect enough data to advance our understanding of family business dynamics in the restoration industry.
For years, we have known that family-owned businesses make significant contributions to the U.S. economy by generating approximately half of our nations GDP, employing 85% of the private sector, and creating 86% of all new jobs, among many other factors.
We’ve covered “storm chaser contractors” (i.e. predatory contractors who knock on doors immediately after a natural disaster and pressure homeowners in to signing costly repair contracts), but it appears that there’s a new type of scam gaining popularity – “fire chasing.”
Climate change, the politically correct term for “global warming,” is upon us and no matter what side of the fence you sit on regarding its causes and solutions, one thing is certain - it is going to be really good for the restoration business.
CTP has released a façade tie bracket that enables re-connection of existing brick veneers to replacement studs from the inside when new studs are installed.
After combing through a successful company’s financial history and seeing gains in both sales and profitability year after year, it can often be difficult to suggest there is still opportunity for improvement.
The first reason is because a lot of you did not do a budget for this year and maybe not for all of the previous years that you have ever been in business!