Friday, June 26, 2020
Characteristics of Garden-style Apartments
Within five years of taking the helm at the family business, VanKirk Electric, Loren Wesley Vankirk increased its revenue ten-fold. Under Loren Wesley Vankirk’s direction, the company has expanded its construction portfolio to include diverse types of multi-unit construction, including student housing, senior living facilities, and multi-family garden-style apartments.
In the property development industry, garden-style apartments refer to a multi-unit complex with the following features:
1. Surrounding greenery - These buildings are usually situated within a setting that contains trees, lawns, flower beds, and other natural elements. These features may be naturally-occurring or manmade.
2. Low density - Garden-style buildings are usually between one and three-stories high. Further, the buildings within the complex tend to be well-spaced. This reduces overall noise from neighbors and results in quieter living environments than comparable mid-rise buildings in urban locations.
3. Amenities - In addition to communal green spaces, many garden-style buildings offer extra amenities for residents and their guests. Some common additions include swimming pools, fitness centers, or sports facilities.
Friday, June 12, 2020
The Problem of Client Cancellations
Loren Wesley Vankirk is the CEO of VanKirk Electric, a company that specializes in multi-family construction and mixed-use projects across the United States. Under Loren Wesley Vankirk’s leadership, the company has grown from its small-town roots to a national presence.
Big or small, electrical contracting businesses will always have to deal with the significant problem of client cancellations. It is a balancing act between maintaining good customer relations and keeping your business protected.
One of the most common ways to reduce cancellations is to introduce an associated fee. Cancellation fees protect you, but they still upset clients even if they are fully aware that the fee will be assessed. If you value a customer’s business more than the fee, you can choose to waive it.
Another way to protect yourself is by requiring a non-refundable deposit. You will find that this strategy is even less popular than the cancellation fees since a lot of customers see it as sketchy to require such fees. Ultimately, you could choose to absorb the cost and try to fill the time with other projects. Whatever your policy is, make sure your clients understand it when entering into a contract.
Thursday, May 28, 2020
Maintaining a Network in the Electrical Contracting Industry
CEO and owner or VanKirk Electric, Loren Wesley Vankirk took over the family business in 1994 and successfully increased its revenue from $5 to $50 million in the intervening period. Loren Wesley Vankirk’s strong grasp of marketing and operational strategy has led to the small business earning a national presence.
One of the most important things you have to do as a business leader is knowing your target market. For an electrical contracting business, one of the best opportunities is to reach out to contracting and architectural firms in your area and get to know their leadership teams. Even if they don’t need an electrician at the moment, you can learn about what qualities they value in electrical contractors and potentially learn about other opportunities for business from their network.
Also, do not neglect residential work. Networking with homeowners associations can be an important source of business if you’re willing and able to leverage them correctly. No matter how big or small your company is, make sure you keep up with other electrical contractors both in your area and farther out. Professional organizations and trade events are excellent ways to learn and discover new opportunities.
Tuesday, April 30, 2019
The Georgia Club Offers Discovery Visits to Prospective Members
While serving as the CEO of VanKirk Electric, Loren Wesley Vankirk has expanded the company and increased the annual revenue to more than $50 million. When he takes time away from his work, Loren Wesley Vankirk enjoys his membership at The Georgia Club golf resort in Statham, Georgia.
A short drive from Athens and Atlanta, The Georgia Club offers a special tour for prospective members and home buyers called a Discovery Visit. During the visit, potential members have the opportunity to experience the resort’s top-rated 27-hole Chancellors Course and tour the resort’s 10 residential neighborhoods.
The Georgia Club offers two options for its Discovery Visits: Dine-and-Play and Stay-and-Play. The Dine-and-Play option includes a private tour of available homes and homesites, lunch in the clubhouse, and an 18-hole round of golf on the Chancellors Course. The Stay-and-Play option invites guests to spend a night in a deluxe clubhouse suite in addition to the 18-hole game and private home tour.
Subscribe to:
Posts (Atom)



