Monthly Briefing
Profits | Relationships | Knowledge
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January 2023 Volume XVIII, Issue 1 |
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Expand Your Network and Knowledge at IBS 2023 |
Expand Your Network
Expand Your Knowledge
Mid-size builders: Discover how to realize greater profits while improving quality and customer satisfaction. Stop by booth W1445 to meet with an industry expert or listen in on a 10-minute training session and enter to win a $250 credit towards the training program of your choice along with a Yeti water bottle to keep you hydrated while you study.
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IN THIS ISSUE
Expand Your Network and Knowledge at IBS
Improving Quality Through Checklists
In Memory of Bob Snyder
ThreadKore Joins Builder Partnerships
Builder Survey Results
Consultant's Corner
IBS 2023 Booth Recommendations
Partner Notes
Upcoming Events
Popular Articles
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You're Invited to Join Us at IBS 2023! |
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Las Vegas Marriott
Monday, January 30
Food, Fun, Prizes
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Training Sessions
Giveaways
Industry Experts
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Proven Value Engineering Strategies
Tuesday, January 31
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By Jason Cook
Consultant, Shinn Consulting
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A new year means new opportunities to improve performance and reach higher levels of success. As we enter 2023, it’s time for a fresh start. It’s time to eradicate excuses and poor performance and start compelling events to conform to the plan. It’s time to change the status quo and recognize the power of checklist implementation in your operational practices.
The use of checklists in your daily operations provides the structure and discipline required to achieve double-digit profits and sustainable growth. Keep reading for a deep dive into all the benefits you stand to gain when you incorporate this simple process into your organization.
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We are saddened to announce Bob Snyder passed away on January 10.
Bob and his wife, Pat, started Snyder Homes of Vermont in 1976. They were named America's Best Builder in 1996 by Builder Magazine. Bob's legacy of creating a highly successful, family-owned and operated home building business lives on.
We offer the Snyder family our sincere condolences and sympathy.
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Builder Partnerships is pleased to announce the newest service provider member to our organization.
Finally...Homebuilder ERP software built by experience. ThreadKore is the single thread that runs through to Kore of your homebuilding business. Manage and measure every aspect of homebuilding using a single login and from your smartphone.
Track land development, estimating, job cost accounting, AP/AR, scheduling, issue POs/VPOs/COs, submit rebates, manage your website, track sales leads and run marketing campaigns in our CRM, communicate with trades, vendors, and home buyers…all with a single login. Transform accounting from a necessary evil into the engine of your business. Know where you stand with real-time financial reporting.
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February 9-11, 2023
**SOLD OUT. WAITLIST AVAILABLE.**
March 27-29, 2023
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Our hotel room blocks for these events fill up quickly. Don't miss out, register now! |
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By Terry Nickels
Chief Operations Officer, Builder Partnerships
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Builder Partnerships recently conducted a follow-up survey of our builder community in order to remain abreast of the market and its impact on our home builder members.
As with our prior surveys, builder responses indicate some changing metrics moving forward. Impacts to sales, sales traffic, cancellations, starts, and backlog are just a few of the areas impacted. Interest rates, general inflationary pressure, and fear of the recession represent a small sample of the reasons for pause as the industry works to navigate the rapidly changing environment.
Projections on closings show an interesting trend, as 62% of respondents said they are projecting a lower number of closings than originally predicted for 2022. Reasons for the reduction are many, but mostly center around continued supply chain delays, labor issues, and market factors such as interest rate increases and inflation.
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Consultant's Corner
By Carrie Roeger
Consultant, Shinn Consulting
2023 will be no different than any other year in the home building business. There, I’ve said it. Why do I say this? Well, the home building business has always been full of challenges and curveballs. None of us can accurately predict what obstacles and opportunities will present themselves this year, yet we will still have to find our way through.
Over the last 20 years, I have learned the fundamentals that lead to successful home building operations. In my experience, when these fundamentals are executed and adhered to by an organization, it can survive immense challenges.
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IBS 2023 Recommendations
Visit the booths of our manufacturer and service provider members to learn about their latest products and services.
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March 6-8, 2023, FT LAUDERDALE. Register
This event is exclusively for Managing for Profit seminar attendees. Manufacturers and service providers: click here for information on sponsorship opportunities.
For the complete list of events, click here. |
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Don't miss out! Previous issues of our Monthly Briefing newsletter are available here. |
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