Key to Success for Remodeler’s Century-Old Company: Adapt

Filed in Awards, Business Management, Remodelers by on August 28, 2018 2 Comments
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Remodeler Louis Krokover says his company’s success stems from its ability to adapt to an evolving market.

Running a successful business requires a great deal of motivation. For many business owners, the largest source of motivation comes from the desire to not only maintain a family-run company, but to help it thrive.

That’s the case for NAHB’s Remodeler of the Month for August, Louis Krokover of Newday Development, Inc. in Sherman Oaks, Calif.

“I consider myself an artist, and the joy of what we produce will last for years, even decades,” Krokover said. “It’s a great testament to [my family’s] three generations of construction. I have been to projects my late grandfather built in the early 1900s, and they still look great. They set the benchmark for me to follow.”

Even though his company has been in business for over a century, Krokover explains that it’s still crucial to adapt to the continual changes within the remodeling market — an approach that has kept his company alive for so long.

“The greatest opportunities are for those who can adjust to changes in the conditions of our customers and industry,” Krokover said. “By that I mean, learn as you go each day; expect the unexpected. It’s no longer the survival of the fittest, but rather who is more knowledgeable; who follows the book to the letter.”

As for his mantra in his remodeling business, Krokover remembers something that his father and cousin once told him: “Show me a project that not only benefits you, but also the community over 10 years after completion, and I will support you.”

Read Krokover’s full Q&A in Qualified Remodeler here. If you know a professional remodeler who takes remodeling to the next level, nominate him or her for NAHB Remodeler of the Month.



Comments (2)

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  1. S P Johnson says:

    Very Inspirational. Thank you!

  2. Especially for industries like ours, knowing how to adapt is crucial. Thanks for sharing! »»

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