In this video series, Mark Harris from Stroud Homes takes you through the top 5 reasons Australian builders go broke and offers some sound advice on how to avoid these pitfalls. Top 5 Reasons Builders Go Broke No 1 Bad Cashflow Bad Cash flow - not having enough money coming into your business to pay your bills. Stroud Homes can help solve cash flow problems by providing increased sales, profitable jobs, management assistance and happy customers. Getting these four things right will reduce … [Read more...]
Franchisee Testimonial: Tom (Lockyer Valley, QLD)
Tom: I am Tom Sachs from Stroud Homes Lockyer Valley. I've got quite a broad experience in the construction industry, I've done commercial sites, car parks, but my love is the residential construction and that's what brought me through to Stroud Homes. I chose a franchise because there's a lot already set up for you in the systems, the plans. And it's all very smooth running. I chose Stroud Homes because they're all about quality. And that's something I really believe in. They've also … [Read more...]
Franchisee Testimonial: Scott & Brooke (Young & Goulburn)
Scott: Yeah. So I left school at 15, started my apprenticeship. And from there, I've subcontracted. From 20 year old, I was fully qualified. Spent the next sort of 5, 10 years subcontracting, working all over New South Wales. Then decided to get my builder's license, and, you know, started doing it myself. And within the last six or seven years, we've been doing that. But we just needed more. So we, yeah, started looking around at different franchise options. We've looked at a heap … [Read more...]
2 Years as a Stroud Homes Builder
James Stroud chats with Peter Verrier of Stroud Homes Tamworth about Peter's experience as a Stroud Homes builder. … [Read more...]
Why buy a Stroud Homes Franchise?
Starting your own business is never an easy feat, and very few entrepreneurs possess the natural ability and expertise to be proficient in all aspects of running a successful building company. That is where a well-established franchisor’s experience comes into play; when you buy a franchise, you buy a system – a complete method of doing business. Stroud Homes Franchise Development Manager Matthew Wright is working closely with existing and prospective Stroud franchisees and explains how … [Read more...]
Building & Cultivating a Team Culture
Collaboration is Key Over the years, Stroud Homes has managed to develop a strong reputation as a franchising home building business all across Australia as well as in New Zealand, attracting new clients and builders alike. An imperative aspect of Stroud Homes' success and high performance as a major player in the industry is their company culture of collaboration. Company culture Stroud Homes understands the culture at any organisation sets expectations for how people within it will … [Read more...]
Communication is Key
Communication, Training & Support The reasons for starting and running your own home building franchise are as plentiful as they are diverse. But deciding to buy your own building business is also daunting and requires a leap of faith. It requires product knowledge, business skills, sales, and more than anything, hard work. Therefore, a vital component in Stroud Homes management is to provide franchisees with a professional team behind them, readily available to give training and support … [Read more...]
Customer Designed Homes
Getting Started “If you're going to start a new home building business, you need to sell homes,” says Stroud Homes owner James Stroud. That sounds pretty straight forward when James says it, but it seems that many builders wanting to go out on their own forget this critical point. Even James himself wasn’t even aware of this in the beginning. “I thought it can’t be that hard. I went home and talked to my wife and said let’s just do up some designs and start selling houses. What we found is that … [Read more...]
Do established franchises really have an edge over emerging franchises?
Recently I came across an article by Jeff Lefler The Top 3 Reasons to Invest in an Emerging Franchise. The article sums up the advantages of investing in an emerging franchise. As the founder and CEO of just such an emerging franchise, I can certainly attest to these benefits. Lefler explains that franchise systems are designed to reduce risk. But if the underlying franchise or business model is flawed then the risk is actually increased. Advantage 1 - Lower turnover rate Emerging franchises - … [Read more...]
Boost your Building Business with HIA Industry Trade Nights – NSW and VIC
Boost Business at a HIA Industry Trade Night Brought to you by the HIA and Stroud Homes Industry Trade Nights Throughout Regional And Metropolitan NSW and Victoria Stroud Homes is partnering with the Housing Industry Association in the upcoming delivery of Industry Trade Nights and Business Workshops in 2017.Enhance your business skills and grow your businessesHIA Industry Trade Nights are designed to keep HIA members up-to-date on industry issues that impact on the day to day … [Read more...]