As the new year begins, it’s the perfect time to take stock of your business and set yourself up for success. Below, we’ve outlined key steps to help you hit your goals in 2025. Whether you’re a seasoned contractor or just getting started, these tips can provide clarity and actionable strategies.
1. Review Your Costs and Pricing Structure
Understanding your costs and maintaining a sustainable pricing structure is crucial for profitability. Take some time to:
- Evaluate the expenses from the past year, including materials, labor, and overhead costs.
- Compare your current pricing to industry standards and competitors. Markets vary a lot across the US and Canada, so make sure you keep an eye on your local competition and their prices.
- Assess your pricing and whether still aligns with your profit goals.
If you’re unsure where to start, check out our video on an easy costing method.
2. Learn from Successful Contractors and Business Owners
There’s a lot to gain from the experience of others. Seeking out wisdom from contractors who’ve grown their businesses can inspire and guide you.
Here are a few ideas:
- Connect on social media with other contractors (and with Floor Mechanics!).
- Attend industry networking and training events to exchange ideas.
- Read or watch interviews with successful business owners.
- Reflect on lessons learned in your own business last year.
To help you get started, we’ve compiled some tips in our video with retired wood flooring contractor Hame Arbane that highlights strategies to protect your business and help you grow more.
3. Save Money and Time with Floor Mechanics
Streamlining your operations is another way to maximize success. Partnering with Floor Mechanics can save you time and money. Don't waste time and money driving to the store; order from us instead.
Here’s how we help contractors every day:
- Fast Shipping: Get what you need quickly with our nationwide warehouses.
- Free Shipping: Enjoy free shipping on orders over $75, reducing your costs on essentials.
- Convenient Ordering: Shop online anytime at FloorMechanics.com with no minimum order requirements.
By leveraging these benefits, you’ll have more time to focus on what you do best – delivering quality work to your clients.
Final Thoughts
Starting the year strong means being intentional with your planning and execution. By reviewing your costs, learning from others, and optimizing your operations, you’ll set the foundation for a successful 2025.
Here’s to your success in the new year! We're excited to work with you.