Marketing: What your trade business needs to make more profit

What is your marketing strategies for 2019?

Strategy is an important aspect for any business, including Tradies. Knowing where you are coming from, where you want to be by a certain time and how to get there separates successful and failed businesses.

In consulting, business advice, strategy, tips, small business, Marketing, business growth strategies

How to go from Break-even to Profit

Break-even: Part 2

In the first part of the Break-even series, we discussed what the break-even point is, how to calculate it and the 3 important elements you need to employ to achieve that position. As a quick recap, new businesses might not generate expected income in the short term but can make enough revenue which puts them in a position of not making a loss but not making a profit either. At this point the business can still survive, however, the most preferable outcome is that of making a profit as soon as possible.

In consulting, business advice, profit margin, tips, small business, growing your business, Expenses, business growth strategies

What is break-even: Part 1

Understanding The Three Elements Of Break Even

Making the decision to start your own business is a bold move that involves risk but can also come with greater rewards. As a potential entrepreneur you need to conduct your market research in order to estimate the size of the potential market, competition and potential sales, as these are some of the factors that will determine your business’ success.

In consulting, business advice, success, tips, small business, Profit and Loss