April 03, 2023

013: The Power of Partnership- How a Strong Relationship with Your Bookkeeper Can Boost Your Bottom Line

14 minutes

There is a strong link between poor bookkeeping processes to poor cashflow management and how an entrepreneur feels toward the business. When systems are not great, financial troubles are always expected.
In this episode of Profit First For Tradies, I talk about the power of partnership - how a strong relationship with your bookkeeper can boost your bottom line. My years of experience working in a coaching and bookkeeping business has made me aware of the usual frustrations trades business owners have with their bookkeeping.
To have an amazing partnership, both bookkeepers and clients need to do their part and what is expected of them. There should be a constant exchange of updates on business numbers, what can be done to improve processes, and how to get great results.
There is always room for improvement, take a look at your current bookkeeping processes and evaluate what needs to be simplified or done efficiently. Doing so encourages a strengthened partnership between a bookkeeper and a client and working out a strategic plan for a profitable business.
In this episode of the Profit First for Tradies, you’ll learn the following:

Three common frustrations of trades business owners (01:25)
The importance of knowing what to do and when to do it (02:49)
Why you need to take responsibility for the steps in the process (03:48)
Why bookkeepers appreciate proactive clients (05:03)
Three points that make a great client (05:45)
The outcome of being a great client (06:43)
How to become a great client (08:22)

The success of your business will not magically happen, you need to work hand-in-hand with your bookkeeper on how you can help make things better. Nurture your existing relationship by being proactive and being the great client your business needs.
If you haven’t listened to our previous episode about The Business of Helping Others: What 5 Years in Profit First Has Taught Me About Running a Business, go back and check out Episode 012.

QUOTES

"If we keep doing things to how we've done them, we're going to get the same results." -Katie Crismale-Marshall

"We have to put our hands up when things aren't working and ask our bookkeeper what's not working and how can we fix it." - Katie Crismale-Marshall

"If you are much better off in your business from a financial perspective, that means you're less stressed around your numbers." -Katie Crismale-Marshall

Resources