The Site Shed | Systems, Strategy and Growth for Tradies and Contractors

Laying the right foundations for your business


Listen Later

Part Three – Laying the right foundations for your business

Series: Tax Essentials for Tradies and Contractors  Guest: Tab Burkhalter from The Numbers House

Accounting is one of those topics that is hard to make sexy, but when you learn new tricks, it can make an incredible difference to both your business and your personal life. 

When I started my business journey, I never had any advice or counsel from anyone that had a clue about numbers. I had no one in my corner. There were no podcasts, no amazing facebook communities. Even my accountant at the time was an absolute punish to get information out of.

In this series, Tab dives into three essential areas that tradies and contractors need to focus on. Three areas that I wish I had better understood when I started out. Three areas that we could probably all improve on. 

My advice to everyone, especially those starting out in business, is to learn numbers and understand your finance. You don’t need to be an accountant to keep yourself on track and out of danger. 

If you’re interested in numbers and finance topics, you’ll want to listen to these also.

  • Get a grip on your financials – [LINK]
  • Lack of focus on Gross Profit Margin – [LINK]
  • Profitability. Get your financial house in order – [LINK]
About this podcast, ‘Laying the right foundations for your business‘ Podcast Highlights:
  • 02:26 – Why you must keep tabs on your books
  • 07:09 – Finding your ‘numbers coach’
  • 13:38 – Asking the right questions
  • 19:11 – The three performance indicators
  • 23:49 – Understanding your strengths
  • 25:27 – Setting goals and planning
  • 30:50 – Make sure you pay yourself first
  • 31:14 – Being flexible and being able to pivot

This the third and final…and arguably the most important podcast in the ‘Tax Essentials For Tradies and Contractors’ series that I conducted with Tab from The Numbers House.

This podcast is all about building the right financial foundations so you can grow steadily. Having clarity is so important. If you understand what your objectives and goals are, then you’ll have a chance of hitting them. If you don’t lay the right foundations, however, you have no chance. 

I hope you got a lot out of this podcast and this series. I know I did. 

See omnystudio.com/listener for privacy information.

Your Next Step:

Join Tradie Academy, our free community packed with templates, checklists, and resources shared by podcast guests, coaches, and successful tradies.

👉 Join free and grab your next growth tool here: https://tradie.wiki/pod

Follow The Site Shed:

  • Facebook: The Site Shed
  • Instagram: @thesiteshed
  • LinkedIn: Matt Jones
  • Website: thesiteshed.com
  • YouTube: @TheSiteShed

If you enjoyed this podcast and this series, please take 5 to leave us a review:
⭐ https://lovethepodcast.com/TheSiteShed

Love the audio version of this podcast? Subscribe to the link below:
⭐ https://followthepodcast.com/TheSiteShed

...more
View all episodesView all episodes
Download on the App Store

The Site Shed | Systems, Strategy and Growth for Tradies and ContractorsBy Matt Jones - Helping Tradies Build Smarter, Scalable Businesses

  • 4.8
  • 4.8
  • 4.8
  • 4.8
  • 4.8

4.8

16 ratings


More shows like The Site Shed | Systems, Strategy and Growth for Tradies and Contractors

View all
Tradies In Business by Nicole Cox

Tradies In Business

5 Listeners

The Mentor with Mark Bouris by Mentored.com.au

The Mentor with Mark Bouris

48 Listeners

The Property Couch by Bryce Holdaway & Ben Kingsley

The Property Couch

48 Listeners

Property Investment Podcast Network by Momentum Media

Property Investment Podcast Network

20 Listeners

The Martell Method w/ Dan Martell by Dan Martell

The Martell Method w/ Dan Martell

573 Listeners

The Diary Of A CEO with Steven Bartlett by DOAC

The Diary Of A CEO with Steven Bartlett

8,522 Listeners

Australian Finance Podcast by Rask

Australian Finance Podcast

28 Listeners

Pizza and Property by P&P Media

Pizza and Property

13 Listeners

Contractor Evolution by Breakthrough Academy

Contractor Evolution

51 Listeners

The Tradie Show by Lifestyle Tradie Group Pty Ltd - Business Podcast For Tradies Wanting To Scale Their Trade Business, Contractors and Construction

The Tradie Show

1 Listeners

Straight Talk with Mark Bouris by Mentored.com.au

Straight Talk with Mark Bouris

229 Listeners

Bothsides Podcast by Bothsides Podcast

Bothsides Podcast

3 Listeners

How I Made It by The Australian Financial Review

How I Made It

16 Listeners

Tradies Success Podcast | Business Growth for Electricians, Plumbers, Builders & All Tradies by Greg Allan: Business Podcast For Construction and Trade Entrepreneurs

Tradies Success Podcast | Business Growth for Electricians, Plumbers, Builders & All Tradies

2 Listeners

UNEMPLOYABLE by Unemployable Media

UNEMPLOYABLE

13 Listeners