8:00 AM - 9:00 AM
Las Vegas Convention Center, North 254
Format: Building Knowledge Session
Level of Content: Novice
Track: Business Management & Operations
Continuing Education: NAHB - 1.00 CE hour(s), NKBA - 0.1 CEU(s)
Appropriate for: Remodelers, Single Family - Small Volume Builders, Single Family - Custom
Donny Wyatt, Co-construct, LLC, Charlottesville, VA
What It’s About:
You know that not every hour of your day is equally productive. You know that not all customers yield the same profit, and you know that not all mistakes have the same consequences. Why? That's the evidence of the 80/20 Rule. In this session, you'll learn how to stop working harder and instead work smarter by using the 80/20 Rule to focus on the points in your business that deliver the biggest results with the least effort. From sales to client relations to field operations, you will discover five specific items in your business where applying the 80/20 Rule can potentially boost your profit by at least $5,000 per home.
What You'll Learn:
Understand what the 80/20 Rule really is, the math behind it and how it governs many aspects of business everyday.
Examine the biggest problems and opportunities in custom building and remodeling companies to see where 80/20 is already at play in your business.
Explore the specific steps for applying the 80/20 Rule in five areas to cut expenses and boost revenue so you see an additional $5,000 (or more) in profit per home.