‘2008 Cost of Doing Business Study’ to Be Released at IBS
The “2008 Cost of Doing Business Study,” which enables home builders to compare profitability, cost of sales and expenses with like-sized builders from across the county, will be released at the 2008 International Builders’ Show in Orlando next month.
The "2008 Cost of Doing Business Study" will be available at the Builders' Show.
The study ― a compilation of survey results about the business aspects of builders from across the country — provides analysis of several categories of business operations, including volume, operation type and land vs. no land costs to help builders fine-tune comparisons between study results and their companies.
Produced by the Financial Management Issues work group of NAHB’s Business Management and Information Technology Committee, this one-of-a-kind resource gives home builders a rare glimpse at other builders’ books.
The newest edition allows builders to see how their companies measure up with industry-wide averages in these important areas:
- Gross margin net profit
- Cost of goods sold
- Financial ratios (Current Ratio, Debt-to-Equity Ratio and more)
The "Cost of Doing Business Study" has the data, analyses and guidance you need to boost profitability, increase efficiency, set realistic budget targets and improve your business practices.
The study will be available at the show from BuilderBooks.com by clicking here during and after IBS, or it can be ordered online, or by calling 800-223-2665.
Three Free, New Biztools Builder Business Guides Available at IBS
Three new free Biztools builder business guides ― created to help NAHB members manage their businesses more effectively and increase their profits — will also be released at the Builders’ Show.
The guides offer members tips on technology, business planning, ensuring the financial health of their businesses and more.
Produced by NAHB's Business Management and Information Technology Committee and found in the business management resources section of the NAHB Web site, the new 2008 Biztools builder business guides that will be available at the Builders’ Show include:
- “Using Technology to Better Your Business: Make Your Web Site Work for You”
- “Business Management for Home Builders: Surviving in a Changing Market”
- “Financial Management for Home Builders: Planning for Profit”
All three concise guides ― which include lists of other valuable NAHB Biztools resources ― will be distributed at the Business Management and Information Technology Committee meeting from 3:00-6:00 p.m. Tuesday, Feb. 12 in West 207 C of the Orange County Convention Center.
Limited quantities will also be available at the NAHB membership booth. Guides can also be ordered for HBAs at www.nahb.org/materialsordering.
Free 2006 and 2007 Biztools Business Guides Also Available
The 2006 and 2007 Biztools builder business guides are also available free to NAHB members and can be downloaded from the NAHB Web site in a PDF format only.
To view or download the 2006 and 2007 guides, click here.
NAHB Has Nearly 300 Resources to Help You Run Your Business More Profitably
Go to NAHB's Business Management Tools Web pages (available to members only) for instant access to nearly 300 timesaving, moneymaking and cost-cutting business resources to help you run your business more profitably. Get guidance on accounting and financial management, business strategy, computers and information technology, customer service, human resources and more.
Resources are added weekly, so bookmark www.nahb.org/biztools to go directly to these vital business management resources.
Local and state home builders associations can link directly to www.nahb.org/biztools from their Web site and give their members instant access to these resources. It will make your HBA's Web site the place to go for the information and guidance that members need to succeed.
Free NAHB Kit Gives Builders Back-to-Basics Tips to Navigate the Slowdown
What was once expected to be a relatively mild housing slump following three years of record new home construction and sales has given way to a significant downturn.
To help members navigate the uncharted waters of this slowdown, NAHB has compiled a comprehensive “Back to Basics” online toolkit — the best of the basics, the tried and true and the truly new. To access the toolkit, click here.
To access the “Back to Basics” toolkit, you must be an NAHB member and have a login to www.nahb.org. To create a login, go to www.nahb.org/login or click on the log-in button on the main menu bar.
For assistance, call the NAHB Member Service Center at 800-368-5242.