EnerBank Blog

If you’ve never offered contractor financing before, you may have some pre-conceived ideas of how it works. The reality is that your experience is heavily dependent on which lender you use, and they’re not all the same. Check out some of the expectations vs. realities when you work with Regions | EnerBank USA. Expectation: Customers […]

In the previous installment of this series, we went over your management and organization. Now we’ll take a look at your personal financial statement. According to SCORE, in the simplest of terms, a personal financial statement is a snapshot of your personal financial situation at a specific point in time. New businesses may use this […]

There’s no shortage of competition out there, but there’s a finite number of home improvement jobs. The good news? There’s only one you. So, how do you distinguish your contracting business and close more sales? Is it all about price, or is there more to it? We recently hosted a webinar where our special guest […]

Last time, we talked about your Operational Plan. Now we’re going to go over the Management & Organization section of your business plan. The purpose of this section is to describe who’s on your management team and the skills they bring to the table. Ownership Structure This is where you’ll describe your business’s legal structure. […]

Home improvement contractors operate in a dynamic and highly competitive industry. With so much competition out there, contractors must constantly seek ways to set their businesses apart. One way to do this is by using contractor financing to win customers. This case study will explore how FreshCoat Painters overcame industry challenges by leveraging contractor financing […]

In our most recent post of this series, we went over the marketing section. In the operational plan portion of your business plan, you’ll explain how your business operates. There are a lot of moving parts to keep things functioning, and here is where you’ll detail them as well as any contingency plans you have […]

Why is it important to know if you’re pricing your services correctly? You want to be as profitable as possible, and if your numbers are off by even a little, it could lead to some big business mistakes. A lot of contractors don’t really know their numbers like they think they do. We want to […]

In our last post of this series, we covered the products and services section of your business plan. Now, how are you planning to actually sell those products and services? The next step in creating a solid business plan is writing out your marketing plan. This is where you can share the strategies you’ll use […]

You may have heard about contractor financing for customers, but how do you start offering it to homeowners? How do you find the right provider? What’s the best way to get my team involved? How can I add financing to my existing sales strategy? In this post, we’ll walk through the steps of finding the […]

Previously, we covered the company description, now we’re going to focus on the products and services section. This part of your business plan should highlight the services your business provides. This includes your pricing, how you fulfil orders, and potential expansion plans. Your products and services are the bread and butter of your business and […]

For many customers, your home improvement website is their first impression of your business. That’s why it’s important to follow best practices to ensure you’re making a good one. When designing or revamping your website, keep these statistics in mind: 71% of businesses in 2023 have a website. Visitors form a first impression of your […]

We’ve all heard the saying that a failure to plan is a plan to fail, and that’s especially true when it comes to your business. However, you may have already spent years building your business, and you’ve been doing well, so you might be asking yourself: My business is already up and running. Why would […]