Reece Academy - Improving Profitability for Tradies29 November 2018
Tradies everywhere are busy pouring blood, sweat and tears into their business. But busy doesn't always mean profitable.
Despite what some think, profit is not a dirty word. It is the return on investment you earn for taking the risk and challenge of running your own business. It's essential for you to live the life you want, and must be factored into your daily business processes.
Matt's Top Tips to improving profitability:
- Calculate how much it costs to run your business annually, on an hourly basis.
- Add or increase a margin to all cost of sale items
- Price for profit
Matthew has coached thousands of tradies on their journey to earn more and work less. He has owned and operated a plumbing business for seven years, and worked in corporate environments for 20, giving him unique insight on the pressure and responsibilities of running businesses. He now focuses his energy on sharing this knowledge with tradies so they can prepare for success.