The Future of Flooring Retail: How Advanced Analytics and Integrated Financing Solutions are Driving Growth and Customer Satisfaction

As the retail landscape evolves, an increasing number of flooring retailers are adopting innovative technologies to enhance the shopping experience, increase competitiveness, and boost sales revenue. I’ve witnessed firsthand how advances in customer data analytics, contactless payments, and our integrated financing solutions are revolutionizing the way flooring retailers interact with their customers.

These retailers understand that customer needs are evolving. Half of the consumers surveyed in Synchrony’s 2023 Major Purchase Study said that recent price increases have led them to seek financing for their purchases of $500 or more. Furthermore, 27 percent stated that they prefer retailers that provide a curated shopping experience to streamline the shopping process. And newer technologies are not just changing the game; they’re setting a new standard for personalized, efficient, and accessible shopping experiences.

Let’s take a look at how savvy retailers are transforming their operations.

Leveraging Advanced Analytics Capabilities

At Synchrony, we understand the power of data in driving business success. Our advanced analytics capabilities empower flooring retailers to anticipate customer needs and make informed, data-driven decisions. By analyzing trends, customer behavior, and market dynamics, retailers can stay ahead of their competitors and adapt to changing market conditions.

Our analytics tools enable retailers to identify high-value customer segments, optimize marketing campaigns, and measure the effectiveness of different sales channels. This strategic approach to data ensures that retailers can maximize their return on investment and continuously improve their offerings to meet customer expectations.

Hyper-Personalization Through Customer Data

In today’s digital age, personalization is key to winning customers’ hearts and wallets. Flooring retailers, with the help of sophisticated customer data analytics, are now able to offer hyper-personalized shopping experiences. By leveraging vast amounts of data, retailers can understand individual customer preferences and shopping habits, and even predict future needs. This level of insight allows for the creation of tailored experiences that resonate with each customer, significantly enhancing the overall shopping journey.

For instance, Synchrony’s Marketplace is a platform where we will increasingly personalize offers from our various retailers with the right audiences, identified through customer behavioral analytics and browsing behavior, ensuring that customers receive offers that are relevant and appealing to them. This not only simplifies the decision-making process for the customer but also increases the likelihood of a purchase.

The Rise of Contactless Payments

The adoption of contactless payments, including mobile wallets and tap-to-pay systems, has increased, particularly in the wake of the COVID-19 pandemic. This shift towards contactless transactions offers a safer, faster, and more convenient payment method for customers. 

For flooring retailers, embracing contactless payments means shorter transaction times, reduced queues, and a smoother checkout experience, all of which contribute to a positive customer experience. Furthermore, the integration of mobile wallets and loyalty programs can enhance customer engagement and retention, offering a seamless way to earn and redeem rewards with every purchase.

Making Big-Ticket Purchases Accessible with Integrated Financing Solutions

Flooring projects often involve significant financial investment, which can be a barrier for many customers. Synchrony’s integrated financing solutions address this challenge by making high-ticket purchases more accessible and affordable. Through flexible financing options, customers can spread the cost of their flooring project over time, making it easier to manage their budget without compromising on quality or design.

For retailers, offering financing can also be a powerful tool to increase sales, enhance customer loyalty, and differentiate themselves in a competitive market. By providing customers with a convenient way to finance their purchases, retailers can remove financial obstacles, encouraging more customers to undertake home improvement projects.

Embracing Flooring’s Future

The integration of customer data analytics, contactless payments and financing solutions is transforming the flooring retail industry by enabling retailers to offer personalized, efficient, and accessible shopping experiences, setting a new standard for customer satisfaction. 

At Synchrony, we are committed to supporting flooring retailers in leveraging these advancements to drive growth, enhance customer engagement, and stay ahead in a rapidly changing retail environment.

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Bona Releases 2023 Sustainability Report

Bona recently released its Sustainability Report for 2023. This year, Bona has included a narrative summary of its sustainability progress following by its audited statutory sustainability report. The company says this is to move its sustainability efforts forward and align with the demands of the Corporate Sustainability Reporting Directive (CSRD).

“We are currently in the midst of developing our sustainability work in line with our ambitions and stakeholder expectations. This year’s report reflects this ongoing journey and presents many examples of the progress we are making, among which are our advances in reducing fossil-based plastics in our packaging, the introduction of bio-based products, and the launch of our Sustainability Board,” said Magnus Andersson, CEO of Bona.

Bona announced in its report the establishment of a Sustainability Board, whose purpose is to drive the development of the sustainability work according to Bona’s vision of leading the sustainability transformation of the industry, caring for people and planet.

According to the company, other report highlights include a 29.6 percent reduction in fossil-based virgin plastic in packaging (compared to 2020), the opening of Bona’s new distribution facility DC2 in Monroe, North Carolina, the launch of Bona Traffic GO a one-component floor finish, and investments in renewable energy at facilities in Sweden, Germany, and U.S. reducing the company’s climate impact.

The Bona Sustainability Report 2023 is available for download via the company’s sustainability web page.

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Brazilian Cherry Wood Flooring | Best Place to Buy Hardwood Floors

For those seeking a touch of timeless elegance for their home, Brazilian Redwood flooring emerges as a truly captivating option. More than just aesthetically pleasing, this exotic hardwood boasts a remarkable blend of functionality and durability, making it a prized selection for discerning homeowners. Let’s delve deeper and explore the reasons why Brazilian Redwood flooring deserves a spot on your shortlist.

Unparalleled Beauty with a Rich Character

Brazilian Redwood, also known as Massaranduba, is an exotic hardwood renowned for its captivating depth of color. The wood naturally ranges from warm, reddish-brown tones to deeper reddish hues, offering a luxurious and sophisticated look that complements a variety of design aesthetics. Unlike engineered flooring, every plank exhibits unique variations in grain patterns, creating a one-of-a-kind masterpiece for your floor. This inherent individuality adds a touch of organic charm and undeniable character to your living space.

Built to Last: Exceptional Durability

Beyond its undeniable beauty, Brazilian Redwood flooring is prized for its exceptional resilience. It ranks high on the Janka hardness scale, a measure of a wood’s resistance to indentation and wear. This exceptional toughness translates to flooring that endures heavy foot traffic and daily wear and tear remarkably well, making it a perfect choice for high-traffic areas of your home. Additionally, Brazilian Redwood possesses a natural resistance to decay and insect infestation, ensuring a long lifespan for your flooring investment.

Low Maintenance and Easy Care

While Brazilian Redwood flooring offers undeniable resilience, its upkeep is surprisingly straightforward. Regular sweeping and occasional cleaning with a wood floor cleaner specifically formulated for hardwoods helps maintain the wood’s natural luster. Unlike softer woods that require frequent refinishing, Brazilian Redwood retains its beauty for extended periods, minimizing maintenance needs.

Sustainable Choice for Eco-Conscious Homeowners

When selecting flooring, environmental responsibility is a growing concern for many homeowners. Fortunately, Brazilian Redwood can be a part of an eco-conscious decision-making process. By choosing wood harvested from responsibly managed forests, you can contribute to sustainable forestry practices. Always ensure you are purchasing your flooring from reputable vendors who prioritize ethical sourcing.

An Investment that Enhances Your Home

While Brazilian Redwood flooring represents a higher initial investment compared to some other flooring options, its long lifespan, low maintenance requirements, and timeless beauty translate to a truly worthwhile investment. The rich character and enduring resilience of this exotic hardwood can significantly elevate the aesthetics and value of your property.

Unveiling the Luxury of Brazilian Redwood Flooring

Brazilian Redwood flooring presents a compelling choice for homeowners seeking to create a space that is both stylish and functional. With its captivating beauty, exceptional durability, and ease of maintenance, this exotic hardwood offers a luxurious flooring solution that promises to endure for years to come. For those seeking to add a touch of timeless elegance to their home, Brazilian Redwood flooring is a captivating selection that is certain to impress.

So why wait? Breathe life into your home with the timeless beauty of Brazilian hardwood. Flooring.org boasts a stunning selection, from rich ipês to fiery jatobás. Browse our online store or contact our friendly customer service team at 800-689-9006 to discuss your dream floor – we’re here to make it a reality.

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Construction Starts Fell 1% in March

Total construction starts fell 1% in March to a seasonally adjusted annual rate of $1.06 trillion, according to Dodge Construction Network. Nonresidential building starts fell 9%, while nonbuilding starts improved by 7%, and residential starts moved 1% higher. On a year-to-date basis through March total construction starts were up 13% from the first three months of 2023. Residential starts were up 24%, while nonbuilding starts gained 16% and nonresidential building starts rose 2%.

For the 12 months ending March 2024, total construction starts were up 1% from the 12 months ending March 2023. Nonresidential building starts were down 8% while residential starts were flat, and nonbuilding starts were up 18% on a 12-month rolling sum basis.

“The construction sector has hit a soft patch to start 2024,” said Richard Branch, chief economist for Dodge Construction Network. “However, this should not be overly surprising given high rates and restrictive credit. There are bright spots though as single family starts are moving higher and federal dollars are lifting nonbuilding starts. The recent hot inflation readings likely mean that rate cuts won’t happen until later in the year, and as a result, the commercial and multifamily sectors will continue to languish.”

Nonbuilding construction starts gained 7% in March to a seasonally adjusted annual rate of $298 billion. Utility/gas starts more than doubled during the month, while highway and bridge starts moved 19% higher. Environmental public works starts fell 24% in March and miscellaneous nonbuilding starts lost 42%. On a year-to-date basis through March total nonbuilding starts were 16% higher. Miscellaneous nonbuilding starts were up 26%, environmental public works improved 18%, highway and bridge starts rose 15%, and utility/gas plants were 6% higher on a year-to-date basis through March.

For the 12 months ending March 2024, total nonbuilding starts were 18% higher than the 12 months ending March 2023. Utility/gas starts were up 38%, miscellaneous nonbuilding starts rose 18%, highway and bridge starts rose 12%, and environmental public works starts moved 9% higher for the 12 months ending March 2024. 

The largest nonbuilding projects to break ground in March were the $1 billion Eland Solar and Battery Storage facility in Mojave, California, the $908 million SR826 road and bridge project in Miami, Florida, and the $650 million Serrano Solar and Storage project in Pima and Pinal counties in Arizona.

Nonresidential building starts fell 9% in March to a seasonally adjusted annual rate of $363 billion. Manufacturing starts were down 58%, while commercial starts fell 1% due to a pullback in office and hotel starts. Institutional starts gained 4% in March, which was largely the result of some very large healthcare projects getting underway. On a year-to-date basis through March, total nonresidential starts were up 2%. Institutional starts were 12% higher, while commercial starts were flat, and manufacturing starts lost 15% on a year-to-date basis through March.

For the 12 months ending March 2024, nonresidential building starts were 8% lower than the previous 12 months. Manufacturing starts were down 30% and commercial starts were down 10%, while institutional starts were 7% higher for the 12 months ending March 2024.

The largest nonresidential building projects to break ground in March were the $1.3 billion Rady Children’s Hospital Intensive Care Unit in San Diego, California, the $600 million Google data center in The Dalles, Oregon, and a $532 million Federal prison in Leavenworth, Kansas.

Residential building starts moved 1% higher in March to a seasonally adjusted annual rate of $400 billion. Single family starts improved 9% while multifamily starts lost 14%. On a year-to-date basis through three months, total residential starts were 24% higher. Single family starts improved 34% and multifamily starts were 9% higher on a year-to-date basis.

For the 12 months ending March 2024, residential starts were unchanged from the previous 12 months. Single family starts were 4% higher, while multifamily starts were 7% lower on a 12-month rolling sum basis.

The largest multifamily structures to break ground in March were the $385 million One Naples Ritz Carlton residences in Naples, Florida, the $261 million 100 North Main mixed-use project in Memphis, Tennessee, and the $190 million The August at Steelpointe Harbor project in Bridgeport, Connecticut.

Regionally, total construction starts in March rose in the South Central and West regions, but fell elsewhere.

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Continued Easing of Remodeling Declines Expected into 2025

Annual expenditures for improvements and repairs to owner-occupied homes are projected to decrease this year and into the first quarter of 2025, but at a moderating rate, according to the Leading Indicator of Remodeling Activity (LIRA) recently released by the Remodeling Futures Program at the Joint Center for Housing Studies of Harvard University. The LIRA projects that annual owner spending for home renovations and maintenance will decline by more than 7 percent in the third quarter of this year before easing to just -2.6 percent through the first quarter of 2025.

“Residential remodeling is expected to benefit from the rebounding housing market and stabilizing material costs as we move into next year,” says Carlos Martín, director of the Remodeling Futures Program at the Center. “While home improvement and repair spending is down from pandemic-induced highs, the nation’s aging homes continue to need investment in critical replacements, home performance deficiencies, as well as modernization.”

“At $451 billion, spending on homeowner improvements and repairs over the coming year is anticipated to be slightly lower than the $463 billion spent over the last year,” says Abbe Will, associate director of the Remodeling Futures Program. “Yet, the remodeling downturn is poised to be fairly modest and short-lived with market expenditures steadying at near-record levels.”

The Leading Indicator of Remodeling Activity (LIRA) provides a short-term outlook of national home improvement and repair spending to owner-occupied homes. The indicator, measured as an annual rate-of-change of its components, is designed to project the annual rate of change in spending for the current quarter and subsequent four quarters, and is intended to help identify future turning points in the business cycle of the home improvement and repair industry.

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Is Artificial Turf Safe for Your Space?

As the trend towards sustainable and low-maintenance landscaping grows, many homeowners and businesses turn to artificial turf as an alternative to natural grass. With its promise of lush greenery all year round and minimal upkeep requirements, artificial grass has become a popular choice for outdoor spaces.

In this guide, we will talk about the safety aspects of artificial turf, addressing common concerns and providing evidence-backed insights to help you make an informed decision for your space. We’ll also debunk myths surrounding its safety, highlight its environmental benefits, and offer practical tips for selecting the right product.

The Composition of Artificial Turf

Pet Turf Rolls

Artificial turf, also known as synthetic grass or fake grass, is crafted from a blend of synthetic materials designed to mimic the look and feel of natural grass. These materials typically include polyethylene, polypropylene, and nylon, each chosen for durability, resilience, and aesthetic appeal. Artificial turf has high adaptability as well, going hand-in-hand with popular pool decking options, soccer fields, and front lawns alike. 

Unlike natural grass, which may require chemical treatments to maintain its lush appearance, artificial grass eliminates the need for pesticides, herbicides, and fertilizers, contributing to a safer and more eco-friendly outdoor environment.

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The Role of Infill in Artificial Turf

durafill turf infill

Infill is a crucial component of artificial turf systems, providing stability, cushioning, and drainage capabilities. Traditionally, crumb rubber infill, made from recycled tires, was widely used in artificial turf installations

Today, homeowners and landscape professionals can access various infill options, including Hydrochill, Durafill, and organic materials like cork and coconut husks. Choosing non-toxic infill materials ensures a safer and more enjoyable outdoor experience for your family and pets.

Safety Features of Modern Artificial Turf

Game Time Turf Rolls

Advancements in artificial turf technology have led to the development of innovative safety features designed to enhance durability, performance, and user comfort. High-quality artificial turf products now incorporate UV stabilizers to prevent fading and degradation caused by prolonged sun exposure. Additionally, many manufacturers offer lead-free alternatives to address concerns about heavy metal exposure, especially in areas frequented by children and pets. 

Some artificial turf varieties also boast anti-microbial properties, inhibiting the growth of bacteria and fungi that can compromise hygiene and safety. When combined with proper installation and maintenance practices, these safety features ensure that artificial turf remains a reliable and long-lasting solution for outdoor landscapes.

A Safe Choice for Children and Pets

Pet Turf Rolls

For families with children and pets, the safety of outdoor play spaces is a top priority. Artificial turf offers several advantages over natural grass, including reduced exposure to allergens, pesticides, and fertilizers. By eliminating the need for chemical treatments, artificial turf creates a cleaner and healthier environment for recreational activities. 

Many testimonials from satisfied users further attest to the positive impact of our pet turf and playground turf. With proper installation and routine maintenance, artificial turf can provide a safe and enjoyable outdoor surface for all family members to enjoy year-round.

Choosing the Right Artificial Turf for Your Needs

Pro Putt Premium Turf Rolls

Selecting the best decking material or appropriate artificial turf for your space requires carefully considering various factors, including aesthetic preferences, intended use, safety concerns, and cost. For a detailed understanding of what to expect in terms of investment, refer to our comprehensive artificial turf pricing guide

Consumers should look for reputable suppliers that prioritize quality control and product safety. Certifications from the Synthetic Turf Council (STC) and the International Play Equipment Manufacturers Association (IPEMA) can be valuable indicators of product reliability and compliance with industry standards. 

Additionally, inquire about the testing protocols used to evaluate the safety of artificial turf products, including assessments for heavy metals, toxins, and allergens. You can confidently invest in artificial turf that meets your safety and performance requirements by conducting thorough research and asking the right questions.

Promoting Environmental Responsibility with Artificial Turf

Eco Choice Turf Rolls

Now that we’ve established that turf is safe, it also offers significant environmental benefits compared to traditional landscaping methods. Artificial turf embodies sustainability principles and environmental responsibility by reducing water consumption, minimizing chemical usage, and promoting recycling.

1. Conserving Water with Artificial Turf

One of the most compelling arguments favoring artificial turf is its water-saving potential. Artificial turf stays green and lush without needing the regular watering that real grass demands. This conserves valuable freshwater resources and reduces the strain on municipal water supplies, particularly in regions prone to droughts and water shortages.

2. Minimizing Chemical Dependency

Another environmental advantage of artificial turf lies in its minimal chemical dependency. Artificial turf doesn’t need the pesticides, herbicides, and fertilizers that natural grass requires, as it’s naturally pest and disease-resistant. This eliminates the need for harmful chemicals that can leach into the soil, contaminate groundwater, and pose risks to human health and wildlife.

3. Recycling Waste Materials

Artificial turf is also an example of resourceful recycling, as it utilizes recycled rubber and other materials in its construction. Recycled rubber from tires, for example, is commonly used as infill material in artificial turf installations, providing cushioning and shock absorption for sports fields and playground surfaces. Artificial turf helps the environment by using waste materials that would otherwise clutter landfills and reduce the impact of tire disposal.

4. Reducing Carbon Footprint

Producing artificial turf uses fewer resources and creates fewer greenhouse gas emissions than growing and maintaining natural grass. With advancements in sustainable manufacturing practices and the use of recycled materials, the carbon footprint of artificial turf continues to diminish, making it an increasingly attractive option for environmentally conscious consumers.

5. Supporting Athletic Performance and Safety

sports play turf rolls

Beyond its environmental benefits, artificial turf offers practical advantages for athletes and sports enthusiasts. The consistent surface of artificial turf, with its uniform grass blades and shock-absorbing infill, provides an ideal playing field for soccer players, football teams, and other sports. Artificial turf can, therefore, enhance safety and reduce the risk of injuries during athletic competitions and recreational activities.

Choosing Flooring Inc. for Your Artificial Turf Needs

At Flooring Inc., we understand the importance of creating safe and sustainable outdoor environments that enhance your quality of life. With our extensive selection of high-quality artificial turf products backed by industry-leading warranties and certifications, we assure homeowners and businesses of safety, durability, and performance.

Whether you want to revitalize your backyard, create a pet-friendly play area, or upgrade your sports facility, we provide expert guidance and exceptional service at every step. Trust Flooring Inc. to transform your outdoor space into a haven of beauty, comfort, and environmental responsibility.

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About Ciana Gitre

Ciana Gitre

Ciana Gitre is a proud Advertising graduate of Washington State University. She translated her love of interior design and creative writing into her career aspirations at IncStores. She hopes to educate and help buyers find optimal flooring solutions for all their commercial and residential needs.

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WFCA Extends CEO Scott Humphrey’s Tenure Through January 2024 with Option for Renewal

The World Floor Covering Association (WFCA) announces the extension of CEO Scott Humphrey’s leadership through January 2028, with the option for renewal on a yearly basis.

This extension underscores the board’s confidence in Humphrey’s visionary leadership, which has propelled the association’s expansion, increased its industry influence, and adeptly navigated challenges and opportunities. It marks a period of unparalleled growth and strategic innovation under his guidance.

“Under Scott Humphrey’s leadership, the WFCA has seen unprecedented growth and strategic innovation,” said Sam O’Krent, WFCA’s Chairman. “His foresight has not only navigated us through significant industry challenges but also expanded our influence and membership. With the solid team Scott has assembled, we’re well-positioned for future success. We look forward to continuing this journey of innovation and industry leadership with him at the helm.”

Key Achievements Under Humphrey’s Leadership:

  • Strategic Headquarters Relocation: Moving the WFCA headquarters to Dalton, GA, placed the association at the industry’s heart, fostering improved collaboration and access.
  • Expanding Influence: Successfully integrated fcB2B, CFI, and FCIF under the WFCA umbrella, broadening the association’s reach, streamlining operations and addressing key industry challenges.
  • Installation Crisis Initiative: Spearheaded WFCA’s response to the installation crisis, securing funding for critical research that highlighted the challenge and catalyzed the formation of the FCEF to address the skilled labor shortage.
  • Membership Growth Explosion: By revolutionizing WFCA’s membership model to offer free primary membership, Humphrey’s vision expanded the association’s reach from 3,000 to over 10,000 members, significantly broadening its influence.
  • Pandemic Leadership: Demonstrated exceptional leadership by steering the industry through the unprecedented challenges of the pandemic, ensuring continuity, support, and guidance for members during tumultuous times.
  • Legislative Achievements: Advocacy efforts under his guidance were crucial in the passage of the Marketplace Fairness Act, a landmark effort in leveling the playing field for brick-and-mortar and online businesses.
  • Future Workforce Development: Joining forces with the Tomorrow’s Workforce Coalition, Humphrey has underscored the WFCA’s dedication to nurturing the next generation of flooring professionals through education and credentialing.
  • Association Recognition: Under his leadership, the WFCA was honored with the Power of Association award for the “We are Part of the Solution” initiative, showcasing the association’s commitment to positive societal impact.
  • Educational Advancements: The launch of WFCA University and the SEAL-accredited leadership program has significantly contributed to industry-wide professional development.
  • Enhanced Industry Partnerships: Expanding the WFCA’s reach through strategic partnerships has significantly amplified its impact and presence within the flooring community.

Throughout his tenure, Humphrey has prioritized educational initiatives and community engagement, introducing impactful programs like “Tuesday Tips,” “Leadership Live,” and “Grow with Us” webinars. By leveraging WFCA’s industry experts, these efforts have not only enriched the industry’s knowledge base but also fostered a collaborative community spirit, setting a standard for professional excellence and unity.

Reflecting on the contract renewal, Humphrey said, “I am both humbled and excited for the opportunity to continue leading the WFCA. Our achievements over the past decade are just the beginning. We have laid a strong foundation for future growth, innovation, and success. Together, with our dedicated team and passionate members, we will continue to navigate the challenges and seize the opportunities that lie ahead, shaping the future of the flooring industry.”

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Budgeting Basics – Hardwood Floors Magazine

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A budget is a structured financial plan for your business. It identifies available capital, estimates your spending, and helps predict incoming revenue over a specified period, usually monthly, quarterly, or yearly. It provides a benchmark for long-term financial goals and is, therefore, as important for a small business as for a large corporation.

The following are steps that any business can take to create and maintain a budget that contributes to financial success:

  1. List all sources of income and expenses based on business costs and earnings in previous budgeting periods. If you don’t have historical data available, start with the standard costs of a business in your industry and adjust those depending on your business’s unique needs. Account for all income and assign that income to go toward a specific category of expenses. This will help to decrease the likelihood that the business will spend more money than it should. Some costs that a business should budget include payroll, rent, utilities, materials, insurance, professional services, advertising and marketing costs, and any debt obligations. Make sure to include recurring expenses as well as any anticipated one-time expenses that will have a substantial impact on the budget.
  2. While it is important to keep track of spending, budgets are there to show you the big picture of how your income is being allocated. A budget that details how each dollar should be spent can limit the ability to be flexible in meeting the needs of the business. Whether you decide to keep track of your expenses by project, department, or in one master budget, categorize expenses so trends in spending are easy to identify.
  3. Use an automated budgeting tool to enter the financial details of your budget. Consider using a software program that goes beyond just Microsoft Excel or other spreadsheet programs. When looking for a budgeting software program, look for features that allow you to create budgets by department, job, or profit center and combine them all into one master budget. This will improve the accuracy and efficiency of your budget reporting. In addition, the program should allow you to see actual versus budgeted amounts on a line-by-line basis. These features will improve the accuracy and efficiency of your budget reporting.
  4. If you work as part of a team, share the budget with the rest of the members and ask for feedback on ways it could be improved. Communicating the budget and having your team members understand where and how funds are being allocated increases accountability across the business and ensures that everyone is invested in the business’s financial success. Consider looking at the budget at the end of every month. That is the time to compare it to actual numbers and see how your business performs. Make revisions as needed to maintain an accurate financial picture of your business.

While there are many reasons why budgets are essential to the success of a business, one of the primary and most critical is the ability to monitor cash flow. Cash flow is what allows a business to maintain day-to-day operations. A good budget will help you track all the money going in and out of the business. Doing so will enable you to align expenses with incoming revenue and use your cash resources strategically.

Because budgeting is such an important part of business operations, failing to prepare and regularly review your budget can result in potential risks for your business, including:

  • Not having an emergency fund for unanticipated expenses
  • An inability to expand operations or expand into new markets
  • Not being able to secure investment dollars to put back into your business
  • Not making long-term commitments to customers, vendors, or suppliers, thereby straining business relationships
  • An inability to make large purchases that are necessary for the business

In summary, budgeting is critical to business success. It helps businesses track cash flow, plan for growth, prepare for emergencies, identify inefficiencies, and make informed business decisions. A good budget requires careful planning, goal-setting, and financial analysis to maintain a business that is both operationally healthy and sustainable for the long term.

Dana Rogers is the controller for the National Wood Flooring Association (NWFA) in St. Louis, Missouri. She can be reached at [email protected].

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Top 7 Pool Decking Options for Your Home

One crucial element often overlooked when envisioning your dream poolside oasis is the pool decking. Your choice of decking material not only impacts the aesthetics of your outdoor space but also influences safety, maintenance requirements, and overall enjoyment. As experts in the field of flooring, we understand the importance of selecting the right pool decking tailored to your lifestyle and design preferences.

Let’s explore the diverse array of pool decking options available to complement your lifestyle and design preferences.

UltraShield Naturale Magellan 8' Deck Boards

Composite decking is a sustainable alternative to traditional wood decking, boasting remarkable durability and low maintenance. Combining wood’s aesthetic appeal without the hassle of upkeep, composite materials come in many styles and colors, allowing homeowners to achieve the desired look without compromising on performance. Consider composite decking as your eco-conscious choice for a stunning poolside retreat.

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rubber pavers in an outdoor patio. Great for also around the pool deck.

Our rubber outdoor pavers provide a versatile solution for pool decking. Engineered for durability and slip resistance, these pavers offer aesthetic versatility without the maintenance hassles of traditional materials. Explore our range of rubber pavers, including flagstone-inspired designs, to create a safe and stylish pool deck surface.

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Rugged Grip-Loc Tiles - pool decking ideas

Enhance your pool deck’s comfort and safety with drainage tiles designed to remain cool to the touch, even on scorching summer days. Engineered to channel water away from the surface, drainage tiles minimize slip hazards while providing a cushioned underfoot experience. Say goodbye to hot, slippery pool decks and hello to a refreshing oasis with our premium drainage tile solutions.

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Helios Artificial Grass Deck Tiles

While traditionally associated with landscaping, artificial turf has gained popularity as a viable pool decking option, especially for homeowners seeking a lush, green aesthetic without the maintenance requirements of natural grass. Artificial turf provides a soft, comfortable surface for lounging by the pool, while its permeable backing allows for efficient drainage, keeping your pool area clean and dry. Rest assured, our artificial turf is a safe option, rigorously tested for safety and durability, offering peace of mind for you and your family.– 

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While we specialize in flooring solutions beyond wood decking, we recognize its enduring appeal in poolside design. Opt for water-resistant and insect-resistant wood varieties like cedar, ipe, redwood, or teak to ensure longevity and beauty in your outdoor space. Embrace the warmth of wood decking for a classic, inviting ambiance around your pool.

6. Concrete Decking

Concrete decking is a stalwart option in pool decking, offering unparalleled durability and minimal maintenance requirements. Its customizability options also allow it to suit any design aesthetic. Additionally, with innovative cool deck technology, concrete decking remains comfortably cool under the scorching sun, ensuring a slip-resistant surface for bare feet.

7. Porcelain Pavers

For those seeking the perfect balance of elegance and durability, porcelain pavers emerge as a top contender in pool decking. Boasting the look of natural stone with the strength of porcelain, these pavers offer unparalleled resistance to water, stains, and fading. 

Pool Deck Accessories: Enhancing Your Outdoor Experience

NewTechWood Composite Shower Tiles

Beyond the choice of the best decking material, consider incorporating pool deck accessories to enhance your outdoor experience. The possibilities are endless, from built-in seating and shade structures to outdoor kitchens and fire pits. Create a resort-worthy retreat in your backyard with carefully curated accessories that cater to your lifestyle and entertainment preferences.

7 Expert Tips for Pool Decking Success

UltraShield Naturale Cortes 8' Deck Boards - recommended for around the pool and patio decks

In addition to selecting the suitable deck material for your pool, implementing proper maintenance and safety measures is crucial to ensure a long-lasting and enjoyable outdoor space. Here are some expert tips to help you make the most of your pool decking:

1. Regular Maintenance Routine: Establish a regular maintenance routine to keep your pool deck in top condition. This includes sweeping away debris, cleaning spills promptly, and performing periodic inspections for any signs of damage or wear.

2. Invest in Pool Safety: Prioritize pool safety by installing proper fencing, gates, and safety covers to prevent accidents, especially if you have young children or pets. Additionally, consider adding non-slip mats or coatings to reduce the risk of slips and falls around the pool area.

3. Choose Quality Deck Materials: When selecting deck materials, prioritize quality and durability. Composite wood decking offers the beauty of wood without the maintenance hassles, while poured concrete provides a sleek and versatile option for modern pool designs. Wood decks add warmth and charm to outdoor spaces but require regular sealing and maintenance to prevent rot and decay.

Additional Things to Consider

4. Seal and Protect: Unless you opt for composite decking, be sure to seal and protect your deck regularly to enhance its longevity and resistance to moisture, UV rays, and other outdoor elements.

5. Consider Climate Considerations: When choosing deck materials, consider your local climate. Certain materials may perform better in specific climates, so consult a professional to determine the best option for your area.

6. Implement Drainage Solutions: Proper drainage is essential for maintaining the integrity of your pool deck. Ensure that water drains away from the pool area to prevent standing water, which can lead to mold, mildew, and damage to the deck material.

7. Schedule Regular Inspections: Schedule regular inspections of your pool deck to identify any potential issues early on and address them before they escalate. Look for signs of cracking, warping, or discoloration, and consult with a professional if you notice any concerning issues.

By following these expert tips and incorporating pool safety measures into your decking maintenance routine, you can enjoy a beautiful and functional outdoor space for years to come.

Choosing the Right Pool Decking Material

Poolside Patio Makeover: Swisstrax Ribtrax Pro Tiles - alternative pool decking idea

Selecting the perfect pool decking material requires careful consideration of various factors, including climate, usage patterns, aesthetic preferences, and budget constraints. Consult with our knowledgeable team to explore available options and make an informed decision that aligns with your vision and practical needs. With Flooring Inc., you can trust our expertise to guide you toward the ideal pool decking solution for your home.

Elevate Your Pool Area with Flooring Inc.

Your pool area serves as the centerpiece of outdoor relaxation and entertainment, deserving of careful attention to detail, especially when it comes to pool decking options. By investing in the right pool decking material, you not only enhance the beauty and functionality of your outdoor space but also ensure safety and longevity for years to come. 

Let Flooring Inc. be your trusted partner in creating the pool oasis of your dreams—one perfectly suited to your lifestyle and design aspirations.

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About Ciana Gitre

Ciana Gitre

Ciana Gitre is a proud Advertising graduate of Washington State University. She translated her love of interior design and creative writing into her career aspirations at IncStores. She hopes to educate and help buyers find optimal flooring solutions for all their commercial and residential needs.

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Disclaimer: all images are owned and copyright by their respective owners and website (www.flooringinc.com) and “https://madcityflooring.com/blog” is for news, information, product news and reviews.

Florim USA Launches ½ inch (12mm) Gauged Porcelain Large Format Tile

Florim USA expands its MILEstone product portfolio with the launch of ½ inch thick (12mm) gauged porcelain large format tiles. The initial launch introduces the concept of “Pre-Fab”, with an initial size of 32”x96”. The new large format tiles will be on display at Coverings in booth 6965 in Hall C. 

With a light weight, manageable thickness, and at the half the size of a typical natural stone slab, the 32”x96” Pre-Fab gauged porcelain large format tiles is not only suited for countertops, vanities, and shower surrounds, but it also serves as an ideal material for furnishings such as dining tables, high-top bars and end tables. It works perfectly in exterior living spaces including outdoor kitchens or for elements such as benches. 

Florim USA is the only U.S. porcelain tile manufacturer to offer traditional tile sizes, outdoor pavers and gauged porcelain large format products, in two thicknesses. These can be matched with the same visuals or textures, for seamless coordination. Available in three MILEstone collections, EcoStone, JEM and Farmhouse Living, the new ½ inch (12mm) Pre-Fab products showcase a diverse range of colors, patterns and finishes. 

“We are excited to introduce our new, ½ inch (12mm) Pre-Fab concept,” said Rodolfo Panisi, president and CEO of Florim USA. “This product completes Florim USA’s unique proposition for creating a seamless look within our collections – connecting the dots between every project, whether you’re looking to elevate your indoor spaces or create inviting outdoor areas.” 

For more Florim USA news, click here

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Disclaimer: all images are owned and copyright by their respective owners and website (www.floortrendsmag.com) and “https://madcityflooring.com/blog” is for news, information, product news and reviews.