Episode 5: The pricing mistake 93% of Plumbers, Electricians etc make
Do the financials of your business sometimes seem a bit tricky to grasp? Don’t worry, you’re not alone. We often find that most trades business owners are not across their financials, which is understandable seeing it’s not something you are taught during your apprenticeship or at trades school.
Understanding your financials is very important as it really does give you full control of the business. You will start to see areas where you can make changes and create more profit, all with a couple of taps on the calculator.
In this episode we look at a few basic calculations that you can do to get an understanding of the performance of your business and jobs. Get stuck in and get back in the drivers seat of your business.
WHAT YOU’LL GAIN FROM IMPLEMENTING TODAYS PODCAST:
- Gain a base level understanding of gross profit and net profit
- Be able to calculate a few simple performance tracking numbers
- Make informed decisions for your business
- An ability to buy back your time
LINKS MENTIONED IN THIS EPISODE:
- Join our FREE private community of trades business owners in our Facebook group
- Ready to take your business to the next level? Fill in this form to see if what we do will work for you and your business
Thanks for joining us this week. Want to subscribe to The Profitable Tradie Podcast? Have some feedback you’d like to share? Connect with us and leave us a review with a 5-star rating. If you think that’s too high, tell us why that is, we’d love to hear from you! Just shoot me an email with the word ‘PODCAST’ in the subject line to tony.fraserjones@profitabletradie.com
