Tag Archives: Finance

Interview with C Michael Exteriors, Part Two

C Michael Exteriors is a family-owned home improvement contracting business run by Bill and Cyndy Bergmann in Missouri. They have a long history in the industry and are dedicated to running their business the right way. Sarah (Marketing) and Tim (Sales) from Medallion Bank sat down with them to discuss their business history, their experience […]

Interview with C Michael Exteriors, Part One

C Michael Exteriors is a family-owned home improvement contracting business run by Bill and Cyndy Bergmann in Missouri. They have a long history in the industry and are dedicated to running their business the right way. Sarah (Marketing) and Tim (Sales) from Medallion Bank sat down with them to discuss their business history, their experience […]

An available chair when the last note sounds

With the Dow down more than 1,000 points as I type, and almost 3,000 points down from its peak a few months ago, is it time to panic? Probably not. It’s been a long time since we had a market correction. Bulls can’t run forever and the economy really does seem to be healthy. This hack […]

Will we eventually need John Connor?

One of our active projects is building a replacement for our online contractor portal. Until now we’ve used an off-the-shelf portal offered by our primary systems vendor. That portal works but it isn’t keeping pace with the technology-focused companies disrupting the consumer lending world. The release of our new portal in Q3 is only the first step of many. But it […]

Just desserts: top line versus bottom line growth

If you are a home improvement contractor, it is fair to say that you are a fan of growth. We’re all a bit like kids at lunch comparing desserts – bigger is better, more dessert is superior to less dessert. In banking circles, we compare ourselves to one another by asset size. Contractors gravitate toward revenue comparisons […]

Who are your competitors?

Markets change. After long periods of stability, one or more entrepreneurial disrupters enters the market and puts its stamp on an industry. Some of the old guard will fade away, some will adapt, and the new guard will take control. Eventually, after some time passes, the new guard becomes the old guard and the market is […]

Gentlemen, start your engines

It’s been a month’s hiatus from the blog and Sarah and I have itchy typing fingers. Happy New Year! We expect to have a busy 2015. Not only will we grow substantially – thanks to our contractors – we will be starting and completing projects that should continue to improve our performance. But what is […]

Fit

If you were a fly on the wall in our offices, you’d hear the word fit somewhat regularly. Sometimes, it’s because we’re talking about how we wish we exercised more, e.g., “I sure wish I were more fit!” Most of the time, however, we’re talking about whether or not a contractor, vendor or potential new […]

Lady Redundant Woman

If you have younger kids, you may have seen the TV show Word Girl. One of the villainous characters is called Lady Redundant Woman. Lady Redundant Woman obtained the powers of duplication when she was fused with a copy machine. As you might expect, she often speaks in redundancies. Why this education in unusual children’s […]

An update on the CFPB

We’ve been silent for awhile on the subject of lending discrimination and the CFPB, but that doesn’t mean the rest of the lending world stopped talking about it. Today, for example, Toyota Credit announced that it has been accused of discrimination by the CFPB and the Justice Department. Like most of the recent claims against […]