The simple approach to managing overheads is to spend as little as possible, to keep net profit as high as it can be. Sounds nice in theory right, but the reality is sometimes you have to spend money to make money....
CEO
Making sure there is money coming into your trades business in time to pay your bills seems like an obvious priority, but can be incredibly difficult to do when put into practice....
CEO
If you’ve been following this series of blogs or you’ve heard me speaking at an event before, you’ll be familiar with my bucket analogy....
CEO
As we’ve covered in earlier blogs, invoicing daily is vital to maintaining positive cash flow and it should be one of your main priorities - because the faster you get the invoice out the door, the faster money will come back in!...
CEO
Check out our Top 10 Blogs of 2018 to help you start the New Year on the right foot. 10. How to quote right...
Digital Marketing Specialist
Imagine how much time you would save if you could shop from your favourite supplier and have supplier invoices automatically pair with their corresponding jobs?...
Product Manager
In early December there was an unexpected blizzard in the North Pole, causing significant damage to Santa’s workshop, leaving the Clauses heartbroken and worried about how deer the cost of rebuilding the workshop during the Christmas season would be....
As your business grows and you start spending less time on the tools and more time managing everything else, you become increasingly reliant on the efforts of your staff....
CEO
Have you heard about the loss leader pricing strategy? Tried it yet? I have and let me tell you, never again! When I had my trade business I heard about loss leader jobs a few times over the years....
CEO
I can’t emphasise enough how important it is to get quotes right, it’s vital to you making a profit. On average, 30% of a trade business’s revenue comes from quoting, so if you want to grow your business and not go bankrupt you need to get it right....
CEO
You don’t need me to tell you it’s a competitive market out there. When we’re all paying the same for labour and materials, overheads are the determinant factor to how much net profit you make - they determine how much you need to charge and therefore how competitive you can be....
CEO
Think of your business as a bucket with holes in it. Money earned from jobs fills the bucket up, while various running costs create holes that let your hard earned profit escape....
CEO
When work is a bit slow and you’ve got a few slow-paying customers to boot, one surefire way to keep cash flow healthy is by charging deposits....
CEO
In previous posts, I’ve discussed the importance of invoicing daily and putting the right support systems in place to make this your reality. Without doubt, it will have a huge impact on cash flow....
CEO
I’m a big advocate for ordering materials correctly and not overbuying, but I’m also realistic and understand that sometimes it’s not always possible in the real world....
CEO
