---
title: Invest In Your Remodeling Business Now, Or Pay Forever
description: You can invest now to train managers or employees and to rework structural shortcomings within your remodeling business.  Or you can pay forever by running a shoddy show...
image: https://www.shawnmccadden.com/hs-fs/hub/81069/file-2298142787.jpg
---

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# The Design Builder's Blog

## [Invest In Your Remodeling Business Now, Or Pay Forever](https://www.shawnmccadden.com/the-design-builders-blog/invest-in-your-remodeling-business-now-or-pay-forever)

Posted by [Shawn McCadden](https://www.shawnmccadden.com/the-design-builders-blog/author/shawn-mccadden) on Mon, Jan 05,2015 @ 05:00 AM

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## **Invest In Your Remodeling Business Now, Or Pay Forever**

**![Business improvements for remodelers](https://www.shawnmccadden.com/hs-fs/hub/81069/file-2298142787.jpg?width=206&name=file-2298142787.jpg "Business improvements for remodelers")**

 

**The New Year is here again**. For many it’s a **time to plan and make commitments** for the changes and improvements needed to make the coming year better than the last.  Then there are the remodelers who say they and their companies are **too busy working to take the time to remodel their own businesses.** What they may not know is that if they don’t invest now to either train employees or restructure their businesses,** they will be paying for not doing so for a long time to come.**

### **What am I referring to?**

- I'm talking about proactively taking a look at** how efficiently you run your company** in order to get better returns on your investment of time, money and focus.
- I am talking about assessing your company's cost effectiveness and taking into account** if employees are properly trained to do their jobs** so you don’t have to micromanage them.
- I’m also talking about creating the **ability to actually be “present” when you sit down to have dinner** with your family or attend your child’s soccer game.

![Retirement planning for remodeling business owners](https://www.shawnmccadden.com/hs-fs/file-1376533580-jpg/images/Broken_piggy_bank-wr.jpg?width=233&name=Broken_piggy_bank-wr.jpg "Retirement planning for remodeling business owners")You can invest now to train managers or employees and to rework structural shortcomings within your business.**  Or you can pay forever by running a shoddy show** that won't give you the financial returns that it takes to stay in business and retire before your body eventually gives out.

If you don't do it now, **how much profit will you possibly lose** until you do set a plan into action?  If you don’t do it now** how much will your procrastination cost you** over the coming years you are in business; including the compounded interest you could have earned each year towards your eventual retirement? 

**I know many remodelers who have no retirement funds at all.  How about you?**

### **Don’t forget about lost opportunities**

By **sticking with the status quo** many business owners are also **missing out on opportunities** they could have concentrated on if they were not constantly** dealing with and fixing the same problems over and over again.** For example, at a recent workshop for remodeling business owners I broke the attendees out into several groups and asked them to assess their business’ current status. One group of **eight remodelers agreed their production slippage problems hurt them financially** at a cost of at least 10% of total volume each year.

I then asked them to reference that in the point of view of being a $1 million/year company.** They agreed this 10 percent production slippage loss would equal a $100,000 deficit each year.** Would you want that to happen or keep happening at your business?

### **Here is a tough question to ponder**

**Does your spouse or significant other know you have such opportunities to make and keep more money?  ** Or, are you hiding that fact from them and others so you don’t have to** recognize and address the shortcomings of your business** and or your business acumen?

**It's up to you. You can pay now, or you can pay forever. **

 Topics: [Remodeler Education](https://www.shawnmccadden.com/the-design-builders-blog/topic/remodeler-education), [Contractor Training](https://www.shawnmccadden.com/the-design-builders-blog/topic/contractor-training), [Worker Training](https://www.shawnmccadden.com/the-design-builders-blog/topic/worker-training), [Careers in Construction](https://www.shawnmccadden.com/the-design-builders-blog/topic/careers-in-construction), [Business Growth](https://www.shawnmccadden.com/the-design-builders-blog/topic/business-growth), [Retirement Planning](https://www.shawnmccadden.com/the-design-builders-blog/topic/retirement-planning), [Earning More Money](https://www.shawnmccadden.com/the-design-builders-blog/topic/earning-more-money), [Production Considerations](https://www.shawnmccadden.com/the-design-builders-blog/topic/production-considerations), [Business Planning](https://www.shawnmccadden.com/the-design-builders-blog/topic/business-planning), [Leadership](https://www.shawnmccadden.com/the-design-builders-blog/topic/leadership), [Sage Advice](https://www.shawnmccadden.com/the-design-builders-blog/topic/sage-advice)

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