Sooner or later, most building and
remodeling contractors experience a
slowdown in business. The housing
market is given to unpredictable
swings, and any number of factors can
affect the amount of work available. A
rise in timber prices or interest rates, a
series of bad winter storms, or a dip in
consumer confidence can all produce
a temporary lull in sales. Whatever
the reason, the result is usually the
same: the phone stops ringing, business
dries up, and potential customers
all but disappear. Here are some suggestions
for riding out the inevitable
downturn.
Keep a Lid on Overhead
Tracking overhead costs is never
more important than during a slowdown.
Without a clear idea of what it
costs to run your