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As a tradesperson, you know your van is more than just a vehicle; it’s a mobile workshop and a crucial part of your business.
Quoting
Scheduling
Tracking jobs
Managing on the go
Managing teams
Invoicing
Payments
Reporting
"By adopting this system we are now seen as professional and progressive within our town"
"Since adopting Fergus, in the last 6 months, we’ve seen a 60% increase in our business."
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0800 461 219
65 New North Road,
Eden Terrace,
Auckland, 1021
In the world of trades, where every job is a new challenge and every quote can lead to a busy schedule, financial planning often takes a backseat to the day-to-day running of your business.
However, mastering the art of business financial planning is something all tradespeople should be doing.
It’s what keeps your trades business strong and growing for a long time.
This guide is here to help you:
Budgeting is crucial to financial success.
It’s all about knowing what you need to spend money on, guessing what you might need to pay for soon, and getting ready for what’s coming down the road.
For those in the trades, making a budget means really paying attention to how much each job will cost, how much you’ll spend on materials, and how you plan out the work and pay for your team.
Financial forecasting lets you make informed decisions about the future of your business.
Here’s how to do it:
Cash flow is king for any trades business.
Effective cash flow management for trades businesses ensures means having enough money on hand to pay bills, purchase materials, and invest in growth opportunities.
Here’s three ways to make sure cash is flowing regularly into your business.
Profit planning is about setting targets for your income and creating strategies to achieve them.
It involves looking at each aspect of your business to identify areas for improvement and increase profitability.
If you’re a small trade businesses, financial management can be particularly challenging.
Here are some tips to help you:
When creating your budget, don’t forget to allocate funds to areas that will contribute to long-term growth.
Whether it’s new equipment, additional staff, or professional development, thoughtful investment can set your business apart from the competition.
Here’s a few things to think about:
Protect your trades business by managing financial risks.
Conduct a financial risk assessment to identify potential threats and develop strategies to mitigate them.
As a tradesperson, you’re an expert in your field, but you may not be a financial expert—and that’s okay.
That’s where Fergus comes in.
Fergus is a job management software designed specifically for tradespeople. It simplifies the complexities of financial management, from invoicing and job tracking to detailed financial reporting.
With Fergus, you can:
By integrating Fergus into your business operations, you can streamline your financial management and secure the future of your trade business.
Financial planning is not just about numbers; it’s about setting a course for success and peace of mind.
By following the steps outlined in this guide and leveraging tools like Fergus, tradespeople can build a financially stable and prosperous business.
Best of luck with your trades business growth!
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