Helping Tradie Business Owners To Eliminate Cash Flow Problems
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.
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.
As a business owner, you will get pulled in so many different directions. It becomes easier to believe that landing the next big job will miraculously eliminate all your business woes, however, it won’t.
In this episode of Profit First For Tradies, I discuss another business myth - winning the next big job is not going to solve the problem. Getting the next big job is indeed amazing but you need to make sure that business foundations are laid properly to ensure its success.
You need to determine what areas of business need the most of your focus and what needs to change. To do this, you need to assess the basic processes of your business and see to it they’re working correctly.
Otherwise, you’re at risk of the dangerous cycle of getting the big job - hoping it will solve your problems - getting stressed out - finishing the job - ending in a worse place than where you started.
In this episode of the Profit First for Tradies, you’ll learn the following:
Three main frustrations of tradies (01:17)
Why winning the big job is not a miracle problem solver (02:11)
The importance of setting business foundations properly (02:50)
Determining business areas you need to focus on (04:50)
Why you need to stop looking for the next big job (06:20)
You need to stop looking for the next big job to fix your cash flow because it certainly won’t. Look at the business basics you can develop such as a cash management system, fixing your Xero file, and spending more time in business to see what needs to be improved.
If you haven’t listened to our previous episode about Business Myths- My Xero File Is Fine...Isn't It?, go back and check out Episode 018.
QUOTES
"If you win the big job, that's amazing. But let's start to manage it correctly and look at what areas of your business need your focus to make sure it is going to be successful." -Katie Crismale-Marshall
"Winning the next big job is not going to solve all the problems." -Katie Crismale-Marshall
Resources
Become a
Permanently Profitable Tradie
Today!