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
Let’s start with a familiar story… Mark the plumber is stoked at how plump his bank account is looking. He’s had a busy month, his team has ticked off a record number of jobs, and the invoices are coming in fast....
Content Producer
In the early days of setting up your own trades business, you’ve got no choice but to wear a whole lot of different hats....
Content Producer
Ask, listen, then improve. That’s the advice Anthony Lack would give anyone who’s recently taken over the family trades business. It’s sound advice from someone who took hold of a 48-year-old electrical business and managed to double the number of employees, and get close to doubling revenue, in a few short years....
Content Producer
I remember getting my first invoice paid when I’d just started out in my plumbing business at the ripe old age of 19. It felt like I was on my way....
CEO
If you’ve owned a trades business for any length of time, you’ve probably had your fair share of dealing with subcontractors. Also known as subbies, there are a lot of benefits to hiring the right people to help you get through a busy patch, meet the requirements of a job that’s outside your usual scope, or fill the gap when it’s hard to find quality full-time tradies....
CEO
Imagine for a second that your trades business is a bucket with holes in it. The only time you make money is when the bucket overflows, so the holes have to be small enough that the bucket can still fill and overflow....
CEO
Take the hassle out of quoting, purchase orders and invoicing Cash flow is king when you run a small business, and processes are queen....
Product Manager
Where to start when you need new hires If there’s one gripe I’ve heard over and over again in my 25 years in the trades industry it’s this - you just can’t find good tradies....
CEO
Ben from Cable Systems has been in business for a while. 28 years to be exact. He’d describe his time as “25 years of slow, steady growth with a huge surge in the last three years....
Content Producer
One of the many hard lessons I’ve learnt over my years in the trade industry is that sometimes, or many times, it is better to say “No,” to a job, rather than “Yes”....
CEO
Tradies and timesheets. If you manage a team of plumbers, electricians or builders you’ve probably already learnt that the two don’t always gel....
CEO
“Which jobs are our most profitable?” That’s the question operations manager Rick Jones and the team at Malady Electrical wanted to answer six months ago....
Content Producer
Operating cash flow, gross margin, debt-to-equity, sales close ratio… it’s easy to get bogged down by the number of different ways you can measure the financial health of your trades or service business....
Content Producer
Growing a trade business can be terrifying. The idea always sounds great but the reality can be a bit of a sweat fest. Growth will mean you are suddenly playing with much bigger numbers than you used to....
CEO
Staying on top of compliance in your business is a necessary headache. We bet you’ve spent too many hours to count keeping your business up-to-date in this area....
Marketing Operations
