338 – How To Create Financial Freedom for Home Service Tradies

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Creating financial freedom — a phrase so often used but so rarely practiced. You’re probably familiar
with situations where people are basically living from paycheck to paycheck. This is a trap that most
trade business owners have fallen into, simply because they lack a clearer understanding about
business finance.

Today’s guest, Jackson Millan — the Wealth Mentor has had a rough life to begin with where both his
parents were tradies and things didn’t come easy for them. Jackson figured they must have been doing something wrong.

Today, he shares with us some tips that will surely help you scale your business and help you
experience financial abundance. We’ve had a value-adding conversation I’m sure you will all learn from so press that play button to get the ball rolling!

What’s Discussed In This Episode:

0:00 Introduction

3:52 You’re not the “financial expert

6:23 Solving the most common financial mistake of business owners

10:17 The next step to financial freedom for business owners

16:42 The #1 financial mistake that most business owners commit

17:21 Simplifying the goal-setting process to make goals more achievable

21:20 Steps in simplifying the path towards financial freedom

26:57 Go from trading time-for-money to money-for-time to money-for-money

27:35 Forming an organisational structure can help you achieve your business’s goals better

37:44 What are your next best financial moves?

About the Guest:

Jackson Millan – The Wealth Mentor helps coaches, consultants, advisers and agency owners scale profitable lifestyle businesses that allow them to create more profit, more free time and more personal wealth. Connect with him through their website, Facebook and Instagram, or just send him an email.

Resources:

Aureus Scorecard bit.ly/aureusscorecard

Secrets Of Scaling A 7-figure Lifestyle Business by Jackson Millan
book.wealth-mentor.com.au/gift-page

Atomic Habits by James Clear https://amzn.to/3nDR2r3
How I Sold My Plumbing Business After Nearly 40 Years
http://pixelme.thesiteshed.com/MOQXKeot

Traction by Gino Wickman https://amzn.to/3rkX6Z1

Measure What Matters by John Doerr https://amzn.to/3kSXEST
Join a global community of 6000+ trade professionals
https://www.facebook.com/groups/TheSiteShed

Connect with me on LinkedIn. For more podcast episodes, you may also visit my website. Tune in and subscribe to The Site Shed: You can also listen to The Site Shed on Apple Podcasts, Spotify, and
Stitcher.

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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 .