Owning a business takes you through the highest highs and the lowest lows. You’re taking huge personal risk on a daily basis and on top of that you’re responsible for the actions of everyone in your company....
Founder
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....
Founder
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....
Founder
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....
Founder
This week has been a busy one for New Zealand, as we move through the Alert Level system of COVID-19 that was created by the New Zealand Government....
Trade Software Expert
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....
Founder
Here at Fergus, we are big fans of taking all the steps we can to increase efficiency. Our supplier integrations are another way to streamline your workflow by connecting to your trade and material suppliers, this means less time on paperwork and more time for you....
Customer Success Specialist
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....
Founder
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....
Founder
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....
Founder
When a job blows out and goes over budget it’s easy to blame the tradies on site for being lazy, working too slow, or wasting time going back and forth with the office because they don’t understand the job....
Founder
Cash flow is one of the four levers that need to be mastered in order to build a successful high-performing trades business. For something so simple, cash flow is one of the hardest things for many business owners to manage (confession: I was one of them who got it wrong too!...
Founder
Cloud computing has become one of the most popular technologies in the business world. It has allowed small businesses to establish infrastructure with minimal investment in hardware and software....
Straight off the bat, I want to put a real stake in the ground and say a trades business should always work on a gross profit basis, not net profit....
Founder
Credit card payments are a smart Tradie’s most effective cash flow tool. They’re the most effective way to get paid faster and keep your customers happy....
Content Producer
Implementing processes and procedures that your team have to stick to for quality control or H&S is absolutely critical to running successful trades businesses at scale, but it’s not a good use of anyone’s time constantly supervising team members day after day to make sure work is up to standard....
Setting up software shouldn't be hard, we make it a walk in the park.
