Understanding Cash flow projections

Tradies spend a lot of time getting work done on various projects for clients with the goal of business growth and profitability. Business growth and profitability are closely related, on the one hand, growth requires a tradie to be in control or have oversight of the various business functions and profitability on the other hand, is as a result of sound financial management principles.

In Accounting, Budget, business growth strategies, cash flow, Planning, finance, business advice, consulting

Credit Insurance – A backup plan for Tradies

Credit Insurance

It is common in business that clients may sometimes delay in paying what they owe you or even fail to pay up. The question then is, what can a tradie do in a situation where a customer fails to pay. One way to protect your business is to demand payment up front which can work for some clients but then you might end up losing business to other businesses that offer better payment terms. However, another means of protecting your business against bad debts is to get credit insurance. Credit insurance covers your business, so that you still get paid even if they go under or fail to pay you.

In growing your business, Risk Management, small business, finance, success, business advice, strategy, consulting

10 BIGGEST FINANCIAL MISTAKES BUSINESSES IN THE TRADE INDUSTRY MAKE

In Insider, Accountant, Management Software, Accounting, Bookkeeping, Brisbane Bookkeeping, Business, business growth strategies, Profit and Loss, Risk Management, sales, small business, Systems, Tradies Tax, finance, quote, business advice, strategy, quickbooks, quoting, preparation, changing accountants, profit margin, consulting, cloud solutions, industry update