Having a big business mindset

Dreamt of scaling up and owning a multi-million dollar business? Then this blog is for you!

In his book The 7 Habits of Highly Effective People, Stephen Covey talks about starting with the end in mind and envisioning goals as key traits amongst successful people.

In exit, success, strategy, consulting

How a Virtual CFO can help you manage your business finances

There are numerous reasons why business fail and these can include lack of planning, poor financial management and leadership, lack of profits or marketing strategy, just to name a few. In order to survive, a trade business owner needs to ensure that all the business functions are getting full attention. However, playing the jack of all trades within the business can lead to important business functions being unattended to.

In growing your business, Profit, tax planning, strategy, changing accountants, profit margin, consulting

How to build a successful team for your trade business

As your trade business grows, there will be a need to add new team members in order to service new and existing clients. Potential employees will come from different backgrounds and with different levels of experience. As the business owner, you need to be sure that the people you are hiring add value to your business.

In growing your business, Payroll, tips, business advice, strategy, job scheduling, consulting, builders

Top 6 tax deductions for trade business owners

Tax Deductions for Tradies

As we fast approach the end of the financial year, did you know that as a trade business owner, you can legally minimize your taxation liability by seeing a professional adviser.

In Financial Year, Planning, small business, tax minimisation, tax planning, Tax Return, Tradies Tax, strategy, consulting, Tax Law

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

How To Check the Financial Health Of Your Trade Business

Understanding every aspect of your business not only ensures that you are in control of your business but also enables you to forecast and prepare it for the future. Tradies that are hands on usually focus on getting the actual work done, however, the financial side of the business needs equal attention.

In Financial Reporting, Financials, growing your business, Profit and Loss, small business, success, strategy, consulting