(This interview has been condensed and edited for clarity) Santosh Mohanan has been active in the restoration industry for over 16 years and during this time, contributed to Canstar Restorations' growth from a 6 million dollar company to 50 million. Santosh was responsible for the finance, … [Read more...] about Understanding Working Capital – an interview with Santosh Mohanan
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Predicting 2022 Disaster Restoration Trends
A Note from the Editor: Welcome to part 2 of Phil Rosebrook, Jr’s annual prediction series. In part 1 you were able to see how Phil's predictions for 2021 held up. Now he’s sharing what he sees ahead in 2022's future. For a deeper dive into this topic, check out this podcast Phil did with C&R … [Read more...] about Predicting 2022 Disaster Restoration Trends
Scorecard: Grading 2021 Restoration Industry Trend Predictions
A Note from the Editor: This is the first of a two-part series! First, as you’ll read in this article, Phil Rosebrook, Jr. grades the predictions he made for 2021. Then, in this article, you can read his expert predictions for 2022 Although 2021 was more normal than 2020, it was still quite … [Read more...] about Scorecard: Grading 2021 Restoration Industry Trend Predictions
Zen and the Art of Restoration
My understanding of Zen tells me that the meaning of life is that life "just is". A Zen master might tell you that there is nothing more important than being fully engaged in the present. I am not a practitioner of this Eastern meditation but have a passing understanding of Zen and have become aware … [Read more...] about Zen and the Art of Restoration
5 Questions to Ask Yourself Before Selling Your Restoration Company
If you are paying attention to the restoration industry news - you have seen the many high profile acquisitions occurring across the US. If you are thinking about selling, then you need to give consideration to the following questions. After you have thought about and answered then you may take the … [Read more...] about 5 Questions to Ask Yourself Before Selling Your Restoration Company
Fine Tuning for Peak Performance – Crawford Conference 2022 Presentation
A Hearty Welcome to our new Business Development Manager!
Business Mentors hired Katie Morton as their Business Development Manager in December of 2021. Katie will act as the marketing coordinator and executive assistant to the leadership staff. In addition, she will be responsible for creating and distributing consistent and professional content primarily … [Read more...] about A Hearty Welcome to our new Business Development Manager!
10 Tips to Stability in a Turbulent Environment
Do you feel as though your business world is changing too quickly or that our industry is in the middle of a pendulum swing that will simply come back and revert to normal before swinging to the other side? This is often the interpretation of those that have been around for a while and in … [Read more...] about 10 Tips to Stability in a Turbulent Environment
Common M&A Agreement Risks (and How to Avoid Them)
Originally Written by: TEO SPENGLERLegally Reviewed by: DAVID CURLE and JENNIFER TSAI The link to the full original blog can be found here. Merger and Acquisitions (M&A) agreements come with risks. Any company considering a merger or acquisition needs to focus … [Read more...] about Common M&A Agreement Risks (and How to Avoid Them)
Financial Ratios
Do you review your financial statements? Many business owners only look at the revenue and net profit numbers. It is essential that you also understand your balance sheet and your ratios to understand the financial health of your business. Here are some financial ratios that are important in … [Read more...] about Financial Ratios