Pinnacle Finance Blog

March 21, 2016

The Tough Question of Markup in the Remodeling Industry

We always talk about ways to grow our business. In the remodeling industry, one way is to offer credit options. Another is to partner with the right industry associates. There’s also the obvious – get more clients and more referrals. One aspect of your business you should examine is your markup. Are you marking up your projects properly and enough to make a reasonable profit in order to stay in business? For a long, long time. With pricing wars that can occur when bidding for a job and the internet at everyone’s fingertips, it’s easy to feel unsure that you […]
April 21, 2016

Drones in the Remodeling and Construction Industry

The use of drones in the remodeling and construction business has become a hot topic in the past couple of years. Drones are an innovative technology that can be extremely useful to contractors in many ways. But there are also very tentative feelings surrounding the use of drones in the remodeling industry because there is a lack of firm rules and regulations by the government and FAA. It definitely leaves contractors feeling uneasy in how they can use them and if they are using them properly, so as not to cause trouble or even break a law. There are great […]
August 24, 2016

Labor Shortages Impacting Industry

The availability of skilled workers has become one of the biggest challenges faced by the home improvement industry as activity has increased and grown since the years of the recession.  Also, the rise in prices for both new homes and existing homes has increased demand for remodeling work as people are staying in homes longer. The labor shortage is only expected to intensify as current skilled workers become older and reach retirement age.  As a result industry leaders and associations are putting a real effort into solving this problem. Key Findings: There are several reasons at the root of the […]
December 13, 2017

Why Video Marketing Should Be Important to Your Business

Marketing today is all about educating your audience and providing valuable content to help steer customers to your business. A never-ending challenge for companies in all industries is how to get the most out of your investment in marketing. Both in time and dollars, what are the most effective marketing methods you can use? And more importantly, why should you be using them? In the remodeling business, your potential customers have many questions that need answers. Often, this is the first time they have ever taken on a project like this. Sometimes it is difficult to visualize what is possible […]