350 – Building A Permanently Profitable Business

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Do you feel overwhelmed by the financial situation of your business?

Are you a trade-based business owner whose cash in bank position hasn’t improved even when you are flat out? Learn how you can take control of your business’ finances!

Join us as we discuss how to build a permanently profitable tradie business through financial management and more! We cover everything you need to know to make your tradie business thrive.

Our special guest for this episode is Katie Crismale-Marshall of Profit First for Tradies. A certified Profit First Mastery level coach and author of Profit First for Tradies who thoroughly enjoys working with trades business owners for over 10 years with her bookkeeping business Efficient Tradie Bookkeeping to help them build their permanently profitable businesses.

Discussion Points:

00:00 Introduction
00:32 Welcome Katie Marshall
03:08 Matt shares a brief background about his business with Profit First for Tradies.
09:00 Steps to take to get started on financial management

15:43 Importance of having a bookkeeper in a business
22:06 How Matt manages the financials of his business
24:39 Identifying what you need for your business’ financial situation
25:17 Red flags on businesses that doesn’t have financial management system in place
28:10 How you can use financial literacy in your personal life
29:40 Debunking myth on financial management system
31:58 How to work less and make more money

36:29 Matt’s view on having the right people in your team
41:22 How finance management system can help your personal goals

Resources:

Learn more about the CRM that DOES IT ALL for your trade business! Just click on this link: https://www.tradiehub.net
Get your own website worth $5500 for FREE! Just head across to: http://tradie.wiki/free
Get your FREE Opportunity Assessment right NOW! https://www.tradiewebguys.com.au/grow/
Join a global community of 6000+ trade professionals https://www.facebook.com/groups/TheSiteShed
Get an exclusive freebie from Profit First for Tradies by visiting this link: www.profitfirstfortradies.com.au/thesiteshed
Grab a copy of our guest’s book at www.profitfirstfortradies.com.au

Connect with me on LinkedIn. For more podcast episodes, you may also visit my website. You can listen from your mobile device right now. 🎧 🎧 Click here 🎧 🎧

Thank you for tuning in!

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The Site Shed is one of the best online communities and podcasts for tradies out there. The free content provided to members is unbelievable - offering invaluable advice to run a successful business, and the community of tradies is truly awesome. Do yourself a favour and check it out.

Peter Cox Business Man

Great work Matt with all the podcasts and the site shed facebook community group. The amount of information that you can learn for free in this space is unbelieveable. It's great to see like minded contractors and trades trying to improve their businesses and also share ideas and help others. Highly recommend. Thanks!

Ben Hern Business Owner

I have been listening to the pod casts for a few months now, I can't get enough of all the awesome content that you guys provide. Especially when you guys deliver it from a trade perspective which helps out a lot. Keep up the good work and hopefully one day I can afford one of the trade training trips.

Ché Henton Customer

I own a construction company,and i love learning how to make my bussiness more competitive,profitable and how to better serve my clients. The site shed is a wonderful place to get invaluable knowledge no matter your trade .