Written by EGIA Contractor University Faculty & Marketplace Partners
Dramatically Increase Your Company’s Value with Service Agreements
By James Leichter
Service agreements are the lifeblood of a residential or commercial contracting company. They do far more than simply fill in the slow times with tune-ups. Service agreements dramatically increase the value of your business. Service agreements create recurring revenue which is what most potential buyers are interested in.
It is certainly an unprecedented time in the trades (as it is everywhere else in the world). HVAC, indoor air quality, home performance and other home services contractors across the United States are seeing all sorts of changes driven by the pandemic, the economy, weather, technology, customers, etc.
Why Does it Matter to Contractors that the Home Improvement Lender be a Regulated Bank?
There are many players in the home improvement lending game these days, but some are simply a smarter choice than others. Not every organization offering payment options is a chartered bank, and that can make a critical difference between a smooth loan experience and a headache for you and your customer.
How Can My Business Thrive in the Midst of Difficulty?
By Weldon Long
One thing in the life of a contractor is certain: difficulty is coming. Everyone from Biblical prophets to Buddha to M. Scott Peck in The Road Less Travelled accurately predicts trouble and difficulty lie ahead. We don’t know whether it will be a cyclical economic downturn, or a global virus, or a disruption in our supply chains, or an aggressive competitor, but we do know we face challenges ahead in our personal and business lives.
It’s one thing to know all that; it’s another thing to understand best practices for putting that knowledge into action. The good news? Asking money-related questions in the right way can be easy with just a little coaching. By following a few simple processes for offering payment options, you can take the price issue out of the equation and see that business growth you’ve been pushing for.