learn how to become a
permanently profitable tradie with
Helping Tradie Business Owners To Eliminate Cash Flow Problems
learn how to become a
permanently profitable tradie
with
Helping Tradie Business Owners To Eliminate Cash Flow Problems
Join us on the Profit First for Tradies podcast, as we explore the struggles of paying bills and keeping cash flow flowing smoothly. I share my own experiences and how I found the solution to my financial struggles with the Profit First system.
Listen in as tradies share their stories and discuss strategies and tips for managing cash flow and achieving true profitability in your business.
Growing a successful trades business isn’t about you being the best on the tools.
It’s about how you Profit, Plan, Prepare and Prosper, so you can create a business that supports you and your family.
Follow:
What Is
Profit First for Tradies
Profit first for Tradies is a simple frame work to make your business permanently profitable.
If you struggle with managing your cash, wondering where all the money goes or are working long hour with not much to show for it then it is time to look at Profit First for Tradies and how it can transform your business from a cash eating monster to a money making machine.
If you are a trades business owner who’s sick
and tired of being sick and tired
Looking for a solution to solve your cash flow
issues
Ready to learn more about your money
management
Can help turn your business around.
Episode 018 || Business Myths - My Xero File Is Fine...Isn't It?
Most business owners believe that their Xero file is working great but when given the opportunity to have an in-depth review, certain issues arise.
In this episode of Profit First For Tradies, I talk about a business myth I constantly see on new clients - my Xero file is fine… isn’t it? It may seem like a simple problem but a chaotic Xero file causes heaps of trouble for so many trades business owners.
Some Xero files may look okay at first glance but when a comprehensive review is completed, it’s bound to bring more issues in the future. And this calls for a repair.
The three most common issues business owners deal with in their Xero files are cashflow problems, thinking that they always have time to fix issues later, and having not having an idea where to start.
Although Xero has been around for quite some time, I still see disastrous Xero files. Here at Profit First For Tradies, we want to help you identify what’s wrong, fix the issue, and keep more of your hard-earned money.
In this episode of the Profit First for Tradies, you’ll learn the following:
Common bookkeeping issues from clients (01:52)
Three main problems that arise when doing a Xero review (03:59)
Cash flow issues (04:10)
The detrimental effects of the"fix-it-later" mindset (04:52)
Trainees don't have an idea where to start (06:00)
Xero is an amazing bookkeeping program, I personally have used this for over 11 years in business. However, when your Xero file is not reviewed regularly, you’re risking the business of wasted time and money.
If you haven’t listened to our previous episode about More than Money: How profit and choice go hand in hand, go back and check out Episode 017.
QUOTES
"If you try and fix the cash flow problems in your business without looking at your Xero file, you're wasting time and money." -Katie Crismale-Marshall
"We go through an extensive checklist and every single section of Xero to uncover everything that might look fine but is actually going to cause problems down the track." -Katie Crismale-Marshall
Resources
Become a
Permanently Profitable Tradie
Today!
© Profit First for Tradies 2024. All Rights Reserved.
© Profit First for Tradies 2023. All Rights Reserved.