As we welcome the start of a new financial year, this is also an opportunity for tradies and business owners to reflect on the successes and challenges of the past year and more importantly, set the stage for a transformative year ahead.
In this episode of Profit First For Tradies, we talk about the key steps to transform your new financial year for success.
One of the usual frustrations of business owners at the beginning of a financial year is being stuck on where they were last year and having the mindset of everybody else is doing so much better than them.
Rather than focusing on these problems, I recommend taking the 3 steps that will help elevate the business for long-term success. These are acknowledging the need for change, deciding on what you truly want, and the importance of seeking out the help of capable individuals.
Seizing every opportunity to transform the business is crucial for success, with these three steps in place, you lay the groundwork for a prosperous financial year.
In this episode of the Profit First for Tradies, you’ll learn the following:
- The importance of deciding you want something different (02:33)
- Deciding on what you want by listing what you don’t want in business (03:12)
- The impact of determining who can help you achieve the things you need in business (04:45)
- Why it’s valuable to have conversations with your financial team to ensure everything’s on track (05:47)
If you want to maximise the business's financial potential, you need to embrace change, set clear goals, seek support, and stay in close communication with your financial team.
If you haven’t listened to our previous episode about Effective Profit Distribution For Your Tradie Business, check out Episode 026.
QUOTES
"We have to acknowledge that unless we do something differently, we are not miraculously going to be in a different spot to where we are now." -Katie Crismale-Marshall
"Even if you want to grow, profit must always come first. You cannot grow a business that isn't profitable, and just expect for it to magically become profitable." -Katie Crismale-Marshall
ResourcesCONNECT WITH KATIE CRISMALE-MARSHALL- Website: https://www.profitfirstfortradies.com.au/
- YouTube:https://www.youtube.com/@profitfirstfortradies9503/featured
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