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Business Management

Hot Topics, Cool Solutions 20: Hiring The Right Managers, And More

My partner and I thought if we grew our company big enough that we could hire some managers and things wouldn’t be so hard, but we’re still working 60 to 80 hours a week. Did we hire the wrong managers?




Using Equipment Leasing To Strategic Advantage

Most business executives are generally familiar with leasing. But executives facing lease vs. loan decisions may not fully know how the strategic use of equipment leasing can enhance financial performance and capital productivity.




Hot Topics, Cool Solutions 19: Bonus Program Rules, And More

We recently put in a bonus program to reward service techs and our sales are rising. But I’m concerned they may be out there recommending work that doesn’t need to be done. Is there any way to keep them honest?




Backing Up Your Web Site Data: An Overlooked And Underused Necessity

Over the last decade many businesses have made the Web a key revenue-generating channel. A natural consequence is that enormous amounts of valuable data are stored on computers, and computers tend to die from time to time. So a backup solution should be available.




Hot Topics, Cool Solutions 18: Written Processes, And More

Every week somebody drops the ball and leaves something undone. It’s so frustrating! We talk and you’d think they’d know what to do by now, but they don’t. What can I do?




A Near-Term Solution For Health Insurance Costs

A strong majority of U.S executives rate health care insurance costs as their No. 1 concern. Conditions are painful for small businesses as well as large companies. Health savings accounts (HSAs) are a way to help control these costs.




Hot Topics, Cool Solutions 17: Getting Organized, And More

I run around all day fighting one fire after another and as a small contractor I need to do everything. By the end of the day, I know I’ve forgotten half of what I was supposed to be doing. Any suggestions?




Selling Commercial Service Agreements - Part 4

This is the fourth and final article of a four-part series on selling commercial service agreements. This series is designed as a complete A-Z on how to sell and organize for commercial service agreements. This article discusses proposal writing strategies.




Hot Topics, Cool Solutions 16: Taking Control, And More

Our trucks are a mess! Our techs look like they slept in their uniforms! I pay for all this great marketing and tell potential customers we’re better than the rest and then we show up looking like the worst. What can I do?




Business Development: Many Contractors Still Don’t Get It

According to FMI, a significant percentage of contractors still do not generate the strategic results they hope for from their business development planning. Simply put, they are missing key steps of the process.


Selling Commercial Service Agreements - Part 3

This is the third of a four-part series on selling commercial service agreements. This series is designed as a complete A-Z on how to sell and organize for commercial service agreements. This article covers profitable pricing strategies to win the business.




Hot Topics, Cool Solutions 15: Picking A Service Manager, And More

I grew my company to six techs and hired a service manager from another company. We’ve been battling for months. He acts like I work for him. Finally, he quit today and I’m relieved and afraid. What should I do?




Selling Commercial Service Agreements - Part 2

This is the second of a four-part series on selling commercial service agreements. This series is designed as a complete A-Z on how to sell and organize for commercial service agreements. This article covers equipment and system surveying and data gathering.




Hot Topics, Cool Solutions 14: Growing Sales, And More

I want to grow my average sales per job. Is there anything I should be doing to make that a reality?




Selling Commercial Service Agreements - Part 1

This is the first of a four-part series on selling commercial service agreements. This series is designed as a complete A-Z on how to sell and organize for commercial service agreements. This article discusses preparing for service agreement surveys.




Hot Topics, Cool Solutions 13: Installer Rewards, And More

I have to nag and plead with my installers to do what they’re being paid to do. They rarely finish their jobs on time, they use more materials than they’re supposed to, and then they generate callbacks. Got any suggestions?




How To Avoid Bad Marketing Advice

Lots of “experts” are ready and willing to tell you what you should be doing to promote your business and increase sales. But some of them are flat-out wrong. How can you sift the good from the bad? Here are some basic principles.




Hot Topics, Cool Solutions 12: Making Money, And More

I sometimes get the techs to do more than the job they were called to do. I sometimes get the daily sales numbers posted. I sometimes hold the weekly sales meeting. I sometimes do sales training. And I sometimes make money.




Navigate The River Of Paperwork With A Record Retention Policy

Maybe you think your company is drowning in a river of old paperwork. The more you shred or toss, the better, right? Actually, no. Think twice before you chuck overboard those 20-year-old workers' compensation policies or defunct contracts.




Hot Topics, Cool Solutions 11: Selling Add-Ons, And More

I stress the importance of trying to make add-on sales that are in the customer’s best interest. But my techs seem unmotivated and I end up frustrated and struggling to make ends meet. What do I need to do differently?




Effective ‘Customer Care’ Call Handing Procedures

Today our customers/clients expect their service provider to deliver good customer service. In most cases good customer service translates into responsiveness. Here is a list of customer call procedures that should be followed.


Hot Topics, Cool Solutions 10: End Of The Month Blues, And More

I buy a motor for $30 and I sell it for $100. So how come at the end of the month I didn’t make any money?




Strengthen Customer Loyalty With Market Research

Customer loyalty is in jeopardy every time a prospect or customer comes into contact with a company. Each contact is an opportunity to strengthen — or weaken — customer loyalty. Market research can help make sure you meet customer expectations.




The Four Things That Drive Your Customers Crazy

The service you provide can either soothe — or increase — a customer's feelings of panic and irritation. That’s why a better understanding of common complaints from customers about contractors can help you a lot.




Hot Topics, Cool Solutions 9: The Power Nap, And More

The hours we work during the busiest times are extraordinary. I find myself struggling to stay awake at work or, worse yet, when I’m driving. But, I keep pushing myself because of the workload. Is there someway to make this better?




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