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Boost Your Bottom Line: Unleashing Profit Potential at Year's End
We are approaching the middle of the year and it's a crucial time for businesses in Australia.
For today's episode, Brian and Adam dive into the topic of how to grow and scale your trades-based business, with a specific focus on leveraging the end of the financial year.
Instead of solely thinking about expenses and taxes, we need to view the end of the financial year as an opportunity to increase our income. By shifting our mindset and taking advantage of the timing, we can push towards our goals... AND EVEN SURPASS THEM!
Our hosts share their personal strategy of using a calendar date or time to indicate an upcoming price increase, creating a sense of urgency for potential customers, and MORE!
For those in the trades industry, we suggest that you reach out to customers who have previously received quotes but haven't taken action. By following up and offering a 30% deposit or a 50% upfront payment, tradies can encourage customers to move forward with their projects, generating more work and income.
Beyond just increasing income, it's VERY important to understand the SIGNIFICANCE OF TAKING PRIDE in what you do.
The end of the financial year doesn't need to be stressful.
With the involvement of your teams in the goal-setting process and use this season as a motivating factor to push for more jobs and invoices, we can finish the year strong!
So, buckle up and get ready to take your trades-based business to the next level!
Discussion Points:
- 00:00 Welcome to Tradie Business School Podcast
- 01:39 Maximizing Income during the End of the Financial Year
- 03:45 Rethinking the Holidays and the End of the Financial Year
- 05:28 Capitalizing on Limited-Time Opportunities
- 07:24 Harnessing the Power of the End of the Financial Year
- 09:18 Utilizing the End of the Financial Year as a Motivational Milestone
- 12:12 The Importance of Being a Checkpoint for Your Accountant
Resources:
- Chat us at [email protected]
- Visit the Tradie Business School website (https://tradiebusinessschool.com/)
- Join us on our FREE Facebook Group (https://www.facebook.com/groups/gamechangingtradies)
You can also connect with us on https://au.linkedin.com/company/the-game-changers. For more podcast episodes, visit our website at https://tradiebusinessschool.com/.
Subscribe to The Tradie Business School on
Apple Podcast: https://podcasts.apple.com/ph/podcast/tradie-business-school-podcast/id1544187908
Spotify: https://open.spotify.com/show/0k08gdcQypSXHcoYFpJ58A?si=qNZk1ul9QG-uI4PQ6ivcog
Google Podcast:
https://bit.ly/3YxQQfh
Thank you for tuning in!
See omnystudio.com/listener for privacy information.
View all episodes
By The Game Changers
5
11 ratings
We are approaching the middle of the year and it's a crucial time for businesses in Australia.
For today's episode, Brian and Adam dive into the topic of how to grow and scale your trades-based business, with a specific focus on leveraging the end of the financial year.
Instead of solely thinking about expenses and taxes, we need to view the end of the financial year as an opportunity to increase our income. By shifting our mindset and taking advantage of the timing, we can push towards our goals... AND EVEN SURPASS THEM!
Our hosts share their personal strategy of using a calendar date or time to indicate an upcoming price increase, creating a sense of urgency for potential customers, and MORE!
For those in the trades industry, we suggest that you reach out to customers who have previously received quotes but haven't taken action. By following up and offering a 30% deposit or a 50% upfront payment, tradies can encourage customers to move forward with their projects, generating more work and income.
Beyond just increasing income, it's VERY important to understand the SIGNIFICANCE OF TAKING PRIDE in what you do.
The end of the financial year doesn't need to be stressful.
With the involvement of your teams in the goal-setting process and use this season as a motivating factor to push for more jobs and invoices, we can finish the year strong!
So, buckle up and get ready to take your trades-based business to the next level!
Discussion Points:
- 00:00 Welcome to Tradie Business School Podcast
- 01:39 Maximizing Income during the End of the Financial Year
- 03:45 Rethinking the Holidays and the End of the Financial Year
- 05:28 Capitalizing on Limited-Time Opportunities
- 07:24 Harnessing the Power of the End of the Financial Year
- 09:18 Utilizing the End of the Financial Year as a Motivational Milestone
- 12:12 The Importance of Being a Checkpoint for Your Accountant
Resources:
- Chat us at [email protected]
- Visit the Tradie Business School website (https://tradiebusinessschool.com/)
- Join us on our FREE Facebook Group (https://www.facebook.com/groups/gamechangingtradies)
You can also connect with us on https://au.linkedin.com/company/the-game-changers. For more podcast episodes, visit our website at https://tradiebusinessschool.com/.
Subscribe to The Tradie Business School on
Apple Podcast: https://podcasts.apple.com/ph/podcast/tradie-business-school-podcast/id1544187908
Spotify: https://open.spotify.com/show/0k08gdcQypSXHcoYFpJ58A?si=qNZk1ul9QG-uI4PQ6ivcog
Google Podcast:
https://bit.ly/3YxQQfh
Thank you for tuning in!
See omnystudio.com/listener for privacy information.