Pro Installer April 2016 - Issue 37 | Page 16

16 APRIL 2016 PRO INSTALLER PRO NEWS www.proinstaller.co.uk SLICING COSTS NOT CUTTING CORNERS Benjamin Dyer of Powered Now examines how to run your installation business so that you make more money. It feels like a crime when you put in a huge amount of work but don’t make much profit. That can come from bad organisation, paying too much for materials and other things like not investing where you should. The good news is, life should be different and in this article, I try to stimulate some thinking of how it can be. one in the conventional way can be up to 50%, and the government also gives you a grant to help.” WATCH COSTS INTELLIGENTLY We only have a certain amount of time available in the day, so there isn’t enough to worry about everything. Be committed to keeping costs down, but start with the biggest annual expenditures and then work downwards. You can’t save much from the £100 annual public liability insurance bill, but a van lease might really repay hours spent shopping around. HAVING MATERIALS TO HAND A quick rule of thumb says that it will take an hour if you need to buy any materials after you are on site. That’s driving to the wholesaler, parking, finding the right products, queuing up to pay, loading the goods and taking them back to site. And we haven’t even talked about the disruption to the flow of work. You may also end up paying full retail price with cash required on the nail, rather than 30 days credit. It’s simple. Being disorganised in this way costs real time and real money. GET THE BEST FROM YOUR PEOPLE A friend was telling me that he keeps his team working (outdoors) whatever the weather. Unfortunately the team seemed to have different ideas when it was raining or snowing! ‘praise people in public but always raise issues in private’ I don’t know how much loyalty his workers have. However, running your team so that it is loyal and takes pride in its work will save money and lead to more referrals. It also means less rework and even less unnecessary ‘resting.’ Some quick tips to help this to happen are to praise people in public but always raise issues in private. Also ask staff for opinions. Be flexible if people have personal problems. Most will repay this effort many times over. ORGANISE, ORGANISE, ORGANISE SPEND WHEN IT’S RIGHT Scrimping is strangely not always the best way to save money. Sometimes, the best tools enable you to do a better job more quickly, and they last longer too. Spending out actually saves money in the longer term. “Buy quality tools, they pay for themselves over and over again. Good tools turn into more profit.” That’s the view of David Stewart of Stone Classics. Using apps and computer systems can also fall into the same category. There’s now a lot of technology available to help installers, including Powered Now from my own company. Using solutions like this, you can save time and improve efficiency. USE HIGHER PAID STAFF ONLY WHERE IT MAKES SENSE Many installation jobs require a range of skills. The most skilled require the highest pay. So where possible, use cheaper staff on tasks that take less skill. The MD of fast growing The Landscape Company, Matthew Stevenson, suggests: “Using apprentices is a cost effective way to employ young people. The payroll saving compared with employing some- Most of what has been talked about here can be simply described as “being organised”. Like most of life, thinking things through first then working hard is what produces the best results. The installation game is no different, so all of the best with your efforts. ABOUT THE AUTHOR Benjamin Dyer is CEO and co-founder of Powered Now [LINK] www.powerednow.com Mobile App for Tradesmen [LINK/]. Powered Now aims to take the pain out of paperwork for installers and other trade businesses. www.powerednow.com Trojan extends Elite stainless steel range Trojan has added new contemporary bow pull handles to its Elite stainless steel product range. Tony Chadwick, Trojan’s Group Managing Director said, “The new handles are a welcome addition to our popular stainless steel range and have an upmarket contemporary look which suites in perfectly with other products for a coordinated door hardware approach.” The Elite stainless steel range is Trojan’s premium 316 grade stainless steel offering. The new bow pull handles join the T bar pull handles, central door knob and escutcheons. Other suited stainless steel products include door handles, letter plates, door knockers, numerals and letters and, like all Trojan’s stainless steel products, come with a 25-year anti-corrosion guarantee making them genuinely ‘fit and forget’. The bow pull handles come in a brushed stainless steel finish and match perfectly with not only the brushed stainless steel options in the Elite range but ‘Our stainless steel range is proving its worth’ also in the Premium range. The handles are available in two size options, 625mm and 1200mm. Tony Chadwick concludes: “Our stainless steel range is proving its worth to more and more fabricators and installers. By extending our Elite range with the new handles we are rolling out the anti-corrosion benefits of stainless steel to more products and opening up new opportunities for our customers to differentiate their offering.” Email: [email protected]