Home Building Business Plan

Home Building Business Plan-26
Sales training hits to the heart of selling your homes.Take a good, hard look at your sales training: can your sales team demonstrate the home and its products? If the answer is no, then it's time to retrain your sales team. If your entry-level options are appealing more to the empty-nester crowd, reconsider your customer profile and act accordingly.Sales expert and PB columnist John Rymer recommends paying close attention to your customers' wish lists.

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Make sure you're doing your market research before you start building your million-dollar masterpieces.

The local market will set the sales price of your homes, not the cost of the goods used.

If you've dropped new staff orientation programs to save a buck, you might as well start recruiting your C-suite from the playground.

You'll save money in the long run by retaining "perks" such as job training — both new-hire and continual education — as well as orientation and advancement opportunities.

Stuart Teicher is senior vice president and general counsel of the Teicher Organization in East Brunswick, N. The company develops residential and commercial projects throughout New York, New Jersey and Pennsylvania.

Starting a construction company is an excellent way of enjoying long-term returns on investment.Don't leave your build schedules up to chance — or to your individual superintendents.Not having a master schedule will leave you with too many phone calls, no consistency and no way of notifying trades and suppliers of what's going on.everyone [will] want."If you've been sending customers to vendors or using allowances instead of baseline specifications, now is the time to stop.Shinn suggests taking control of the process by setting time frames, offering guidance and packing selections, thereby lessening the confusion for your customer.Repeat after us: "There are no sacred cows."Each man may be an island but your departments shouldn't be.Urge your management team to get behind integrating the whole company. Implement management software; create a central repository for information, spreadsheets and reports; and stop duplicating work.Says consultant Chuck Shinn: "[Builders are] wed too closely to current trades and vendors." Maybe it's time for a trial separation.We're not saying leave them all together, just give someone else a shot.The dynamics of land and home building are quite different, says Shinn.Too many firms "subsidize inefficient home-building operations with land appreciation." Land is a very liquid asset; don't dry up your cash reserves by keeping your land and home building operations in the same bucket.

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