Home Builder Profit
Last updated 9 years ago
New Home Builders: What is Profitablity? | Myers Barnes
Profitability is your ability to make a profit. Peter Drucker says your purpose for doing business is to cause a profit to be made. There is no justifiable reason to be in business if you are not going to make a profit unless, of course, you’re a nonprofit business by choice … not circumstance.
On the Quest for a GPS | Myers Barnes
Heard about the newest global positioning system? It’s highly sought after by entrepreneurs who need direction and a shortcut to success. You log in your company’s current value and a monetary goal you’d like to reach. Then hit “Go.” As you work toward your goal, the GPS gives you voice commands: Turn this way to make a 20 percent profit. Take the next road to reach a 15 percent increase in sales.
The Cannon Approach to Profitability | Myers Barnes
Maybe you’ve heard the story about the bearded lady and the circus clown who met and fell in love. They decided to get married and start a family. Within a year, the bearded lady was expecting their first child. A few weeks before her due date, the circus ring-master and the bearded lady were talking.
When profits and sales drop, a naive mindset fills the void. Builders start thinking they need to sell more houses and offer more discounts to make up for the loss. So they offer jaw-dropping deals. Incentives. Promotions. Special sales. Discounts. Event sales. A whole bag of tricks to lure buyers. And what happens? They sell more homes, but make less money.