Congratulations! Your shed-building business is a success. Customer orders are flowing in, employee morale is high, and you might even take a short vacation. Then you hear from a disgruntled customer, whose gripe may or may not have any legitimacy, and nothing you suggest will appease them. Next thing you[Read More…]
Best Practices
Shed Builders and Tax Reform
As the 2018 tax season progresses, shed builders may be wondering how the Tax Cut and Jobs Act passed late in 2017 will impact their businesses. “There are many variables in the law that will impact each business differently,” says Mike Slack, lead tax research analyst at The Tax Institute[Read More…]
The Builder-Retailer The Relationship
The shed industry is built on foundations—relationships among suppliers, builders, and dealers working toward common goals. But for many builders, striking a deal with a new shed retailer can be a risky proposition. For most shed builders, sales depend on making the product visible, so high-visibility lots are critical. It[Read More…]
Due Diligence
This principle from Johnson holds true in all aspects of life, but can be particularly important in business practices. As we discussed in the last issue, there is a high importance on having a complete and accurate set of paperwork between your company’s RTO provider and your customer. We briefly[Read More…]
Get It in Writing
How many times in business have you heard the saying, “Verbal agreements work fine—until they don’t”? The simple fact of the matter is things can and will go wrong in business. Conditions change for a number of reasons and you end up hearing another common phrase in business, “Did you[Read More…]
Family I Business Succession Plan
It probably comes as no surprise that shed building and rent-to-own companies are overwhelmingly family-owned endeavors, rather than huge corporate undertakings. In fact, says Scott Zucker, a partner with the Atlanta law firm of Weissman Zucker Euster Morochnik PC, who represents several self-storage entities, approximately 80 percent of those companies[Read More…]
5 Tips for Improving Your Inventory Management
Being part construction, part manufacturing, the shed building industry faces unique challenges when it comes to managing materials. Storing too much siding, or hosting too many options on-site, can cost you in storage space. But offering limited options, or keeping materials needed for only the next few orders, can limit[Read More…]
