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Mark Richardsons Growth Strategies for 2017

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Mark Richardson’s Growth Strategies for 2017 February 7th, 2017 [email protected]
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Page 1: Mark Richardsons Growth Strategies for 2017

Mark Richardson’s Growth Strategies

for 2017

February 7th, 2017

[email protected]

Page 2: Mark Richardsons Growth Strategies for 2017

Ok! Google Who is Surefire Local

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What is the one tool you can’t imagine running your business without?

Test out the chat box by answering these questions!

Do you listen to Mark’s podcast Remodeling Mastery?

Before we begin!

Page 3: Mark Richardsons Growth Strategies for 2017

Ok! Google Who is Surefire Local

A few helpful tips for today’s webinar

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If you have a question, simply use the chat box you see displayed in your webinar control panel

At any time if you like to learn more, please email [email protected]

Yes this will be recorded! You will receive the recording via email within 24 hours.

Page 4: Mark Richardsons Growth Strategies for 2017

2014Our site visits are up over

40%, we receive almost twice as many calls from it and we have gone from the 6th page to the first in a very short time. To say they have done a good job does not do it justice. They have done a fantastic job!

Ray HoffmanMarketing Director, RbA

Milwaukee

“ “ I really like SurePulse. It’s an intuitive tool and I like that everything is in one place. It's useful, easy to use and I have a much better understanding of how we are performing.

Amy LindholmBrand Manager, LP Siding

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AWARDS

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Page 5: Mark Richardsons Growth Strategies for 2017

Today’s Giveaway!

1 lucky attendee is going to take “Home” a free Google Home!

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Ok! Google who is Surefire

Local?

Must stay until end of webinar!

Page 6: Mark Richardsons Growth Strategies for 2017

[email protected]

But that’s not all!

Your gift for attending today!

A free copy of Mark Richardson’s book “Fit to Grow”

Please send an email with your mailing address to: [email protected]

Page 7: Mark Richardsons Growth Strategies for 2017

Today’s Speaker

Mark Richardson

Renowned author, speaker, and influencer in the remodeling world

[email protected]

Page 8: Mark Richardsons Growth Strategies for 2017

Mark G. [email protected] 301.275.0208

Growth Strategies for 2017

Page 9: Mark Richardsons Growth Strategies for 2017

Business CyclesRemodeling DB

HandymanBath

Kitchen

Level Market

New Homes

Page 10: Mark Richardsons Growth Strategies for 2017

All remodeling categories are not created equal

Note: Analysis uses firms reporting revenue in 2012 and 2013 that were ranked in the top 400 in at least one year.

Source: JCHS tabulations of Qualified Remodeler magazine’s Top 500 Remodelers.

Page 11: Mark Richardsons Growth Strategies for 2017

Failure rates vary dramaticallyShare of residential remodeling establishments to cease operations (Percent)

Source: US Census Bureau, Business Information Tracking Series.

11

Page 12: Mark Richardsons Growth Strategies for 2017

2016 Remodeling Insights • LIRA (leading indicator of remodeling activity)... 2016 up 5 to

10%

• Kitchen and Bath continue to be very strong sector

• Avg. sale up (DB firms reporting +25% incr. over 2015)

• Election effect less than predicted

• AIG (ageing in place) businesses growing stronger

• Online reviews having more impact than personal referrals

• Major shift in age of clients/demographic remodeling

• Technology revolutionizing process/products/experience

• Top remodeling businesses reporting 20% plus growth in 2016

Page 13: Mark Richardsons Growth Strategies for 2017

Key Environmental Indicators

Up or Down Home Appreciation

Up or Down Interest Rates

Up or Down

Up or Down Employment

Housing Demand

Up or Down Stock Market

Up or Down Consumer Confidence

Page 14: Mark Richardsons Growth Strategies for 2017

Key Business Differences

• Client demographics

• Specialty vs. Full Service

• Practice vs. Business (owner’s role)

• Showroom vs. In-Home Sales

• In-House Crews vs. Subcontracted labor

• Size/type of projects

• Lead generation methods (marketing vs. word of mouth)

• Who is providing the financing?

• The sales process (one sit vs. multiple/consultative )

• Relationship with technology

Page 15: Mark Richardsons Growth Strategies for 2017

Growth Motivations

Page 16: Mark Richardsons Growth Strategies for 2017

Motivations

Legacy A Job A Cause

The Business Entrepreneur Investor Ego

Page 17: Mark Richardsons Growth Strategies for 2017

Defining Growth in 2017• Top Line Growth?

• Market Share?

• Project Blend?

• Team Growth/Development?

• Profitability?

• Client Experience?

• Business Fitness?

• Strategic Alliances?

Page 18: Mark Richardsons Growth Strategies for 2017

CHANGEor Become Irrelevant

Page 19: Mark Richardsons Growth Strategies for 2017

“Just do it”

Willing to take risk

Clients found you

High Touch Marketing

Just discuss it

Follow the Fantasy

Focus on the “what”

Want balanced risk

You find the clients

And High Tech Marketing

Control the Fantasy

Also Focus on the “how”

10 YEARS AGO TODAY

YOUR CLIENT...YOUR MARKETING...YOUR SALES

Page 20: Mark Richardsons Growth Strategies for 2017

Get a Complimentary Digital Marketing Consult

Call (888) 804-8685Email [email protected]

...and a Google Chromecast!

[email protected]

Page 21: Mark Richardsons Growth Strategies for 2017

QUESTIONS“If you don’t know the answer at least

know the question”

Page 22: Mark Richardsons Growth Strategies for 2017

Why Grow?

Page 23: Mark Richardsons Growth Strategies for 2017

Am I ready to grow?

Page 24: Mark Richardsons Growth Strategies for 2017

What do I need to do to grow?

Page 25: Mark Richardsons Growth Strategies for 2017

Are my growth goals aligned?

Page 26: Mark Richardsons Growth Strategies for 2017

Five Factors for Successful Growth

The Success Factors

FitnessProduct LeadershipTeam Environment

Page 27: Mark Richardsons Growth Strategies for 2017

The Environment

Consumer Demand Market Conditions Competitive Dynamic

Page 28: Mark Richardsons Growth Strategies for 2017

The Right Product

Easy Relevant How vs What

Page 29: Mark Richardsons Growth Strategies for 2017

The Right Team

Master the Labor Team SportTraining

Page 30: Mark Richardsons Growth Strategies for 2017

Business Fitness

Processes/SystemsCulture Technologies

Page 31: Mark Richardsons Growth Strategies for 2017

Leadership

You Champion Leadership Gaps

Page 32: Mark Richardsons Growth Strategies for 2017

Change is an option

Good culture

Project focused

Solid Team

Change is Not an option

Satisfied clients

Watch it happen

Great culture

Client centric

Strong/Aligned Team

Raving Fan Clients

Make it happen!

Good vs. Great Companies

Good Great

Page 33: Mark Richardsons Growth Strategies for 2017

Summary• Growth create opportunities for all.

• The environment is strong.

• Leadership alignment is critical.

• Do you have the champions?

• Are the technologies in place?

• Training is a growth strategy.

• Your leadership is key.

• Now is the time act!

Page 34: Mark Richardsons Growth Strategies for 2017

Thank You

Mark G. [email protected] 301.275.0208

Page 35: Mark Richardsons Growth Strategies for 2017

The Winner is...

[email protected]

Page 36: Mark Richardsons Growth Strategies for 2017

Thank you!

Mark Richardson

[email protected]

Page 37: Mark Richardsons Growth Strategies for 2017

Get a Complimentary Digital Marketing Consult

Call (888) 804-8685Email [email protected]

...and a Google Chromecast!

[email protected]


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