Family & Friend Discounts.

There’s something about it that makes us feel good.

Especially when we use the skills our business offers to give them a valuable service.

There are so many business owners who sacrifice a little bit of monthly profit to help their family and friends out.

I just wish more of them knew the real cost...

Because it’s not just the job profit you’re sacrificing.

Everybody knows there’s a cost for doing this type of work.

But It’s scary how few know the full cost.

Because of that, the guys sat down to record a free training session on learning all the hidden costs.

WHAT YOU’LL GAIN FROM LISTENING TO TODAY’S PODCAST:

1. An understanding of what Opportunity cost is and how it effects your numbers
2. The mindset of a business owner who knows the downsides to generosity
3. A focus on the most profitable jobs

LINKS MENTIONED IN THIS EPISODE:

• Book a FREE 15-minute call to learn what coaching could do for your business
• Join our FREE private community of trades business owners in our Facebook group
• Subscribe to our YouTube Channel
• Get a copy of the Profitable Tradie book

Thanks for joining us this week. Want to subscribe to The Profitable Tradie Podcast? Have some feedback you’d like to share? Connect with us and leave us a review with a 5-star rating.

Do you have issues in your business but just haven’t had the time to fix them?

Let's say your system for tracking your numbers.

You know if you get it sorted, your profit will improve.

You might even have a plan about how you’re going to do it

But to this day the issue is still there...

It's probably because you just don’t have the time to make these changes to your business.

But unfortunately, the more you put it off the more urgent these fixes become.

Luckily there’s some things you can do.

Phil and I are in the studio talking about why ideas are easy, why acting on them is hard and what you can do to fix that.

WHAT YOU’LL GAIN FROM LISTENING TO TODAY’S PODCAST:

1. Be able to track and understand your financials
2. Become a pro at implementing systems into your business
3. Complete more mini tasks to elevate your business

LINKS MENTIONED IN THIS EPISODE:

• Book a FREE 15-minute call to learn what coaching could do for your business
• Join our FREE private community of trades business owners in our Facebook group
• Subscribe to our YouTube Channel
• Get a copy of the Profitable Tradie book

Thanks for joining us this week. Want to subscribe to The Profitable Tradie Podcast? Have some feedback you’d like to share? Connect with us and leave us a review with a 5-star rating.

If there’s one thing I miss from my days as an employee, it's the certainty.

Getting home at the same time every day and being able to enjoy time with friends & family.

Don't get me wrong, being a business owner is much better than being an employee...

But having a guaranteed income does have its advantages.

That's why landing large jobs is appealing.

They give you 6-12 months' work that's worth decent money.

And instead of constantly finding, pricing, completing and invoicing lots of little jobs

Big jobs mean you only have one thing to focus on.

The only problem is...

They’re notoriously hard jobs to land (without slashing your prices)

But somebody must win them.

Which is why I sat down with Tender expert Jason Coony where he shared the tricks you can use to win more large jobs (85% of trades business owners miss these simple things)

WHAT YOU’LL GAIN FROM LISTENING TO TODAY’S PODCAST:

1. The processes which 95% of businesses ignore when pricing for jobs
2. avoid the mistakes most make when pricing work
3. Consistent income from recurring work

LINKS MENTIONED IN THIS EPISODE:

• Book a FREE 15-minute call to learn what coaching could do for your business
• Join our FREE private community of trades business owners in our Facebook group
• Subscribe to our YouTube Channel
• Get a copy of the Profitable Tradie book

Thanks for joining us this week. Want to subscribe to The Profitable Tradie Podcast? Have some feedback you’d like to share? Connect with us and leave us a review with a 5-star rating.

How much should you pay your employees?

It’s not actually all that complicated.

But let’s get one thing clear.

There is no golden number.

For example, I could say that you should pay a new employee $41 per hour.

But that number is one I made up and more than likely isn’t the right figure for you.

But here’s the good news.

It’s not rocket science.

Every position for every business has that golden number.

A number which is high enough to attract the best workers to apply...

But low enough that there’s some good profit for your troubles.

The guys recorded a training on how to find out what that golden number is for you.

WHAT YOU’LL GAIN FROM LISTENING TO TODAY’S PODCAST:

1. Learn how much you should advertise your roles for
2. Find the amount which attracts the best employees
3. Have confidence that your payroll is the amount it should be

LINKS MENTIONED IN THIS EPISODE:

• Book a FREE 15-minute call to learn what coaching could do for your business
• Join our FREE private community of trades business owners in our Facebook group
• Subscribe to our YouTube Channel
• Get a copy of the Profitable Tradie book

Thanks for joining us this week. Want to subscribe to The Profitable Tradie Podcast? Have some feedback you’d like to share? Connect with us and leave us a review with a 5-star rating.

Is your work flow up and down?

One month it feels like you’re two employees short and the next it feels like you have too many.

Phil & I have noticed more and more businesses suffering from this setback.

So we recorded a training on what it is and how to avoid it.

WHAT YOU’LL GAIN FROM LISTENING TO TODAY’S PODCAST:

1. The tools to achieve consistent workflow from month to month
2. Understand what Marketing lag is and how it can effect your workload
3. Urgency to reach out to clients to keep the relationship golden

LINKS MENTIONED IN THIS EPISODE:

• Book a FREE 15-minute call to learn what coaching could do for your business
• Join our FREE private community of trades business owners in our Facebook group
• Subscribe to our YouTube Channel
• Get a copy of the Profitable Tradie book

Thanks for joining us this week. Want to subscribe to The Profitable Tradie Podcast? Have some feedback you’d like to share? Connect with us and leave us a review with a 5-star rating.

After a 10 hour shift on the tools you come home for some quality family time.

For about 90 minutes...

You then head to the desktop to finish up some estimates, quotes & payroll.

Bedtime rolls around sometime after 11 when you find your partner is already out.

Unlike her though you toss and turn.

It’s hard to sleep with all the stress you’re carrying from owning your business.

But eventually you drift off.

And at 5am you get up feeling exhausted, ready to do it all again.

And just before you walk out the door you ask yourself...

“How long can I keep doing this?”

There’s a lot of things you need to do to escape that cycle.

But the first and most important thing is managing the hours you spend at work better.

When you plan your time better you are naturally more efficient.

This is how trades business owner drop their 60-70 hour weeks down to 40-50.

Show me your calendar and I WILL show you your problems.

That’s the name of our new training

WHAT YOU’LL GAIN FROM LISTENING TO TODAY’S PODCAST:

1. Understand your most valuable role in the business
2. A restructured team which does more in less time
3. Your freedom back

LINKS MENTIONED IN THIS EPISODE:

• Book a FREE 15-minute call to learn what coaching could do for your business
• Join our FREE private community of trades business owners in our Facebook group
• Subscribe to our YouTube Channel
• Get a copy of the Profitable Tradie book

Thanks for joining us this week. Want to subscribe to The Profitable Tradie Podcast? Have some feedback you’d like to share? Connect with us and leave us a review with a 5-star rating.

Do you HATE when employees make avoidable mistakes?

Nobody’s perfect but employees can take a profitable job and screw it up big time.

Mistakes in business can be a death sentence.

But business owners like you and I can also make mistakes.

The difference is our mistakes tend to be a lot more expensive.

An apprentice might do a poor job which costs $500 to fix.

But a business owner who hasn’t delegated that job properly is leaving much more on the table.

It’s easy to see when staff muck up because we have to pay for it.

But when we muck up, it sometimes isn’t even noticed.

But that really needs to change because I’m sick of business owners throwing away 20% of their net margin on bad management and not noticing

So Phil & I sat down to talk about how to be profitable managers.

WHAT YOU’LL GAIN FROM LISTENING TO TODAY’S PODCAST:

1. The best ways to manage your team in 2024
2. How to make your team less dependent on you.
3. The process for reducing team mistakes.

LINKS MENTIONED IN THIS EPISODE:

• Book a FREE 15-minute call to learn what coaching could do for your business
• Join our FREE private community of trades business owners in our Facebook group
• Subscribe to our YouTube Channel
• Get a copy of the Profitable Tradie book

Thanks for joining us this week. Want to subscribe to The Profitable Tradie Podcast? Have some feedback you’d like to share? Connect with us and leave us a review with a 5-star rating.

You’ve just finished an excruciating 12-hour day on the tools.

It seems that every day for the last year or so has been like this.

And you’re not sure when this will end and when life will get better.

You get back home and your wife asks, “hey honey, how was your day?”

And you say the same thing you say everyday:

“It was good... How was yours?”

Curtis Hancock felt like that for 20 years.

Eventually it was time to make a change.

And what a change he made...

He improved his pricing & systems which meant that every job had a higher profit margin.

And with increasing his revenue by 51% last year, that means he’s taking home a heap more money.

He improved the sales & marketing process.

Working IN the business is now a thing of the past.

This year he’s planning trips to Jamaica, Wyoming, Montana & Hawaii.

Time off like that would’ve tanked his business a few years ago.

And finally, he has his sons working in the business now.

Meaning he has his options open when it comes to selling vs succession.

I had to ask Curtis how he manage to turn his fortunes around.

So I invited him as a special guest on my podcast.

WHAT YOU’LL GAIN FROM LISTENING TO TODAY’S PODCAST:

1. What to do if you've been stuck with your business for a long time
2. A break down of the pricing strategy that boosted his profitability.
3. Discover how Curtis Systemized his business to make it less reliant on him

LINKS MENTIONED IN THIS EPISODE:

• Book a FREE 15-minute call to learn what coaching could do for your business
• Join our FREE private community of trades business owners in our Facebook group
• Subscribe to our YouTube Channel
• Get a copy of the Profitable Tradie book

Thanks for joining us this week. Want to subscribe to The Profitable Tradie Podcast? Have some feedback you’d like to share? Connect with us and leave us a review with a 5-star rating.