You work hard. You have to. That’s the restoration industry. People are counting on you. You’re in business to keep other people in business. But you’re also in business to increase your bottom line. It’s the profit that keeps the lights on, food on the table, and enables you to continue to serve your community.
If we were to ask you what it takes to increase your profit, what would you say? You might say you need to cut costs or that you need to work harder. Those answers wouldn’t necessarily be wrong. You’ve always worked hard, but systems like DASH can help you work forward.
Here are four ways restoration management software can increase your profitability:
- Job Costing – In order to make money in the restoration business, you need to make sure that the money you make on a project is greater than the expenses you incur from the project. A restoration management software like DASH enables you to see and track the financial status of the entire company all the way down to specific jobs. With DASH’s Job dashboard, you will be able to quickly update and monitor gross profit – how much money is being spent on the project vs. the amount of money you have left to spend. And like a quarterback calling an audible at the line of scrimmage based on the information he has gathered, you can decide where you need to adjust your spending in order to maximize profit.
- Accurate or Effective Documentation: They say you’re only as good as your last job. With this mind, it is not only paramount for restoration contractors to properly document the entire mitigation process from a liability standpoint, but also from a professional standpoint. Effective documentation can make collaborating with claims participants much easier, and cut down on costly miscommunication and errors.
- Efficiency – Efficiency for efficiency’s sake means nothing. But efficiency that makes you money is a good thing. In any given day, there are tasks that have to get done in order for your company to run— sending emails, scheduling jobs, and updating budgets, to name a few. A software like DASH can help you streamline those tasks which helps boost your profit in a number of ways. First, you won’t have to take on the responsibility of these administrative tasks which means your time can be spent in other more profitable places in your business such as marketing or finding new clients. Second, your workers will have more capacity to do their jobs instead of having to spend time doing work that a software can handle.
- Lead Tracking – A major way to increase your profit is to get new business. But how often have you been so caught up in managing your current clients that you don’t have time to think about new clients? These aren’t just new clients and leads you are missing out on, it’s potential profit. But don’t worry. DASH is a restoration management software that comes fully loaded with CRM capabilities. This software can help you keep track of potential clients so that you make sure to reach out to them, and can even help you track the ROI of your marketing campaigns when you do reach out to them. So now you’re more easily able to make sure you’re following up with potential new profit, and you’re able to make sure your marketing efforts are giving you a good return for your money.
Restoration management software won’t run your company for you. You still have to put in the hard work. But it will make your hard work easier and make your company more profitable. There’s money out there to make. Are you making it?