Following a disruptive year featuring construction starts and stops, material shortages and rising prices, there’s no doubt that those in the trades are champing at the bit to take a much-needed break this holiday season....
Founder
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....
Founder
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. Put very simply, your business is like a bucket with holes in it: when you earn money by doing jobs the bucket fills up while running costs such as labour, materials and overheads create holes causing the bucket to empty....
Founder
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!...
Founder
Check out our Top 10 Blogs of 2018 to help you start the New Year on the right foot. 10. How to quote right...
Trade Software Expert
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 if you intend of 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
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