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Understanding the loss leader approach and why it nearly broke me

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....

Dan

CEO

3 mins tradie tips

Top 5 tips for hiring and managing subcontractors

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....

Dan

CEO

3 mins tradie tips

How to manage job labour & materials costs

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....

Dan

CEO

2 mins product

The Fergus Corys Supplier Integration

Take the hassle out of quoting, purchase orders and invoicing Cash flow is king when you run a small business, and processes are queen....

Cristina

Product Manager

2 mins tradie tips

Preparing for another bumper year

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”....

Dan

CEO

3 mins tradie tips

Knock late timesheets on the head

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....

Dan

CEO

2 mins customer stories

Finding That Profit Sweet Spot

“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....

Katherine

Content Producer

3 mins tradie tips

Six numbers every Tradie business owner should know

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....

Katherine

Content Producer

2 mins tradie tips

Tips To Get Over Fear

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....

Dan

CEO

3 mins product

Plumbing, Gas & Electrical Certifications (NZ)

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....

Amy

Marketing Operations

2 mins product

Mico Purchase Order & Invoice Integration

It’s no secret that our mission at Fergus is to save tradies time and make it easier to make money. Whenever we talk about a possible new feature our first questions are “Will it save our users time?...

Cristina

Product Manager

2 mins tradie tips

To Grow or Not to Grow?

Here’s the thing. I’ve been around the block a bit. I’ve owned three trades businesses, sold one for a sizeable profit, and now I own a job management software company working to streamline work processes for trade businesses....

Dan

CEO

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