WIP Simplified: Unpacking the Work-In-Progress Report

$800.00

This class is aimed for business owners and bookkeepers.

Gain control of your remodeling business’s financial performance with Mastering the WIP—an essential class designed to demystify the Work-In-Progress (WIP) report. This masterclass is perfect for remodeling professionals who want to confidently build, interpret, and leverage their WIP to improve profitability and decision-making.

You’ll learn the foundational principles of WIP reporting, including how to accurately fill out every column and where to source the critical data that powers this indispensable tool. By the end of the class, you’ll walk away with a fully operational WIP spreadsheet and the confidence to use it as a cornerstone of your financial management process.

  1. Step-by-Step SOPs: Develop Standard Operating Procedures for every column in the WIP, ensuring precision and consistency.
  2. The Golden Triangle Explained: Master this essential financial concept to better balance revenue, expenses, and profit.
  3. The Labor Burden Breakdown: Understand how labor burden affects your job costs and profitability—and why it’s a critical part of your WIP.

*All of our Courses and Masterclasses qualify for NARI continuing education credits

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Meet Your Instructor

Michael Hodgin

Michael Hodgin

Senior Consultant

Michael Hodgin

Senior Consultant

Michael started his first construction company as a one-man-show in 2000, eventually growing Coleman Creek Construction to include a successful team of 20+. Michael’s affinity for data analytics coupled with a keen sense of specificity and discernment have allowed him to develop proprietary systems that set Coleman Creek apart in the industry. Designed to eliminate unexpected variables and ensure accurate bids and realistic schedules, these processes have helped Coleman Creek become one of the most respected remodeling construction companies in Southern Oregon. Michael joined Remodeler’s Advantage in 2016 in an effort to deliver the greatest possible value to his homeowner clients. Investing in the development of efficient systems for his own business inspired the creation of Maestro’s Toolbox. His ability to listen and provide efficient solutions make him a valuable asset to service industry professionals seeking methodical and sustainable growth. After 22 years of listening and responding to the needs of homeowners, Michael found himself ready to step away from running Coleman Creek Construction and is now fully focused on working with business owners exclusively. Michael is a four-time Remodeler’s Advantage Impact Award nominee and his company was a member of the 2019 Big 50 and a finalist for the 2019 Fred Case Award. He is committed to creating work environments that promote the health and well-being of his employees and is a passionate advocate of work/life balance.

Next Class Schedule:
(3-day class) Schedule Coming Soon!
From 11 AM – 1 PM EST

 

 

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WIP Simplified: Unpacking the Work-In-Progress Report

$800.00

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