Your business may be bringing in profit from various projects and deals, but are you getting enough from the investments you’ve made on them? Does the profit and loss margins match the growth of your business? If it’s a little rough around the edges, it’s high time to rethink the financial strategies related to your business processes. In today’s first episode, Miranda and Barry talk about knowing your worth as a trades businessman and why having an effective profit plan creates wonders for your business. We also talk about the different expenses incurred in your business and how you can clearly identify them. And stay to the end to know why price reviews have an impact on your company. This episode is full of exciting information for all business owners and trades, so tune in now! What’s Discussed in This Episode: 0:00 Introduction0:37Barry’s trades background2:17 The existence of internal resistance3:46 This podcast is helpful to anyone in the trades business4:35 Working on your fixed expenses first5:31 Above the line vs. below the line costs6:48 Consistently looking at the numbers and making smart choices7:31 The Profit Plan8:56 Mindset around charging more for your worth10:35 Steps to knowing how to charge for what you’re worth12:56 Allocating things properly13:06 Importance of auditing at least one job every month14:30 The data you gather is invaluable15:22 Anchoring on your capabilities and creating a sustainable business16:00 When to start increasing your prices19:40 Why price reviews matters Resources: The Game Changers (https://www.thegamechangers.com.au/)    Join Off the Tools community. You can also connect with us on Linkedin. For more podcast episodes, you may also visit our website. Tune in and subscribe to The Tradie Business School: You can also listen to The Site Shed on Apple Podcasts, Spotify, and Google Podcasts. Thank you for tuning in! See omnystudio.com/listener for privacy information.

Ver todos los episodios