Beyond significant events which force us to unlearn, learn and re-learn to evolve and adopt as the environment changes around us, we are subconsciously attuned to ignore these signals of evolution and opt to seek solace in a self-determined comfort zone.
1. Not understanding your costs and how to allocate them
Understanding and allocating costs for a building project is the starting point for any quotation, estimate plus agreed changes as the work progresses and without knowing your costs in detail, working out your profit margins becomes impossible.Incorrect pricing cannot be easily corrected on the job as you have a contract and negotiations...
WHAT GRANTS ARE AVAILABLE
The less paperwork you have to deal with, the better, right? After all, trying to manage paperwork while you’re on the go or on the job site can get tricky and time consuming. Meanwhile, leaving it until the end of your shift can add hours to the end of your work day - or your weekend.
Instead, a smarter way to manage the administrative side of your trade or construction business is to...
Are you a tradie looking to grow your trade business? Financial ratios are information-packed tools that can help you understand the overwhelming bits of data in your company’s financial statements.
Knowing how to select the right tidbits of information, when to combine with other KPIs, and how to interpret the resulting ratio is as much an art as it is a science. It is undoubtedly one of the...
Are you making any of these five mistakes in your trade business? Read on more to find what you can avoid.
In these challenging economic times, the last thing any business needs is late or non-payers. Below are various common legal issues which can make it harder for you to get paid, and simple legal steps you can take to reduce that risk.
Most small business owners face a time in their career when they have to communicate in ways or about topics they aren't comfortable with. COVID-19 has put small business owners in the position of having many conversations that are uncomfortable and stressful.