Profit First For Tradies

Tired of the daily grind with no clear end in sight? Discover the power of planning your success!
In this episode, Katie dives into the crucial topic of goal setting and planning for trades businesses. She challenges the common resistance to planning, addressing the importance of having clear goals and a solid plan to navigate the unpredictable nature of the trades industry. 
Katie emphasises that planning isn't about following a perfect path but about having a direction to steer through challenges and achieve long-term success. By having a clear vision and actionable steps, you can navigate industry challenges more effectively, ensuring sustained growth and profitability.
In this episode of Profit First for Tradies, you’ll learn the following:

• The common groans about planning and why tradies need to reflect on their business' purpose and end goals (00:31)
• The unpredictability of the trades industry and why having a plan still matters (01:06)
• The value of personalising your plans (02:42)
• First crucial point in planning: Visualise possibilities (03:22)
• Second crucial point in planning: Decide, declare, and write them down (04:07)
• Third crucial point in planning: Rough out the draft (04:45)
• Insights from a masterclass by Andrew Sparks (06:14)

Setting clear goals and planning are essential for tradies looking to save time, money, and sanity in their business journey. This strategic approach not only helps in achieving personal and financial goals but also provides a roadmap for long-term success and stability in business. Remember, successful planning starts today — not tomorrow, not next month, not next year.
CONNECT WITH KATIE CRISMALE-MARSHALL   

• Email: [email protected]  
• Instagram: https://www.instagram.com/profitfirstfortradies/ 
• YouTube: https://www.youtube.com/@profitfirstfortradies9503/featured
• Facebook Group: https://www.facebook.com/groups/profitfirstfortradies 
• Facebook: https://www.facebook.com/ProfitFirstforTradies/
• Website: https://www.profitfirstfortradies.com.au/

Think you're too small for Profit First? Think again — and transform your business from a cash monster to a money-making machine!
In this episode, Katie Crismale-Marshall breaks down the essentials for trades businesses at any stage — whether you're just starting out or have been in business for a while. She emphasises the importance of implementing the Profit First system early on, debunking the myth that you need to be a big player to start profiting. 
In this episode of Profit First for Tradies, you’ll learn the following:

• Common misconceptions about starting Profit First (00:46)
• Why now is always the best time to implement Profit First (01:06)
• Step 1: Read or listen to Katie’s book Profit First for Tradies (01:27)
• Step 2: Audit your systems — the importance of having integrated financial and job management systems (02:01)
• Step 3: Get started with Profit First — here’s how (02:54)
• Available resources with action items for different business stages (05:15)

This episode is perfect for tradies at any stage of their business journey, from newbies to seasoned professionals. By implementing the steps discussed, you'll streamline your financial systems and start seeing consistent profits. Remember, Profit First is for every tradie, no matter where you are in the game.

QUOTES

“The key with Profit First is consistency. Get started — you don't have to build the entire framework right from the beginning. You just have to get started with parts of that framework and then continue to build over time.” - Katie Crismale-Marshall


Resources

Profit First for Tradies by Katie Crismale-Marshall
Profit First for Tradies Facebook Group
CONNECT WITH KATIE CRISMALE-MARSHALL   

• Email: [email protected]  
• Instagram: https://www.instagram.com/profitfirstfortradies/ 
• YouTube: https://www.youtube.com/@profitfirstfortradies9503/featured
• Facebook Group: https://www.facebook.com/groups/profitfirstfortradies 
• Facebook: https://www.facebook.com/ProfitFirstforTradies/
• Website: https://www.profitfirstfortradies.com.au/

Wanna know the secret to keeping your business momentum? It’s a simple habit — pat yourself on the back! 
In this episode, Katie Crismale-Marshall dives into the often-overlooked habit of celebrating small wins in your business. Katie shares insightful observations from her interactions with various business owners and highlights the importance of acknowledging progress, no matter how small. She provides actionable steps to help you cultivate this habit, ensuring you stay motivated and continue to thrive.
In this episode of Profit First for Tradies, you’ll learn the following:

• The power of celebrating small wins (00:31)
• The value of consistent effort and how it leads to significant gains over time, even if the process isn't perfect (01:49)
• Action step #1: Reflect on recent wins (02:30)
• Action step #2: Identify actions you can take this week that you can celebrate later (02:55)
• Action step #3: Set a weekly reminder to review and celebrate your wins (03:18)
• How sharing your wins with others can amplify the positivity (03:45)
• The benefits of adopting this habit (04:49)

Remember, celebrating your wins isn't just about feeling good — it's about building a sustainable, profitable business. Stop chasing perfection! Your progress is always worth celebrating.
CONNECT WITH KATIE CRISMALE-MARSHALL   

• Email: [email protected]  
• Instagram: https://www.instagram.com/profitfirstfortradies/ 
• YouTube: https://www.youtube.com/@profitfirstfortradies9503/featured
• Facebook Group: https://www.facebook.com/groups/profitfirstfortradies 
• Facebook: https://www.facebook.com/ProfitFirstforTradies/
• Website: https://www.profitfirstfortradies.com.au/

Here’s an exciting update you can't miss!
In this special bonus episode, Katie shares some groundbreaking news that marks a significant milestone for both her and Profit First for Tradies. For over six years, Katie has dedicated herself to helping tradies transform their businesses, and today, she unveils a new chapter in this incredible journey.
In this episode of Profit First for Tradies, you’ll learn the following:

• Katie’s exciting new role at Profit First Australia and New Zealand (01:18)
• Business as usual for Profit First for Tradies (02:50)
• Katie shares a personal story about her parents' struggles in their self-employed business, which sparked her determination to help others avoid similar challenges (04:08)
• Why you should reach out if you have any questions (05:32)

We are excited to bring you this bonus episode, updating you on Katie's new role as CEO of Profit First Australia and New Zealand will alongside her role as CEO of Profit First for Tradies. Katie is looking forward to helping even more small business owners and their families to build their permanently profitable businesses.
CONNECT WITH KATIE CRISMALE-MARSHALL   

• Email: [email protected]  
• Instagram: https://www.instagram.com/profitfirstfortradies/ 
• YouTube: https://www.youtube.com/@profitfirstfortradies9503/featured
• Facebook Group: https://www.facebook.com/groups/profitfirstfortradies 
• Facebook: https://www.facebook.com/ProfitFirstforTradies/
• Website: https://www.profitfirstfortradies.com.au/

Stressed about EOFY? Let’s flip the script and finish strong!
In this episode, we dive into the pressing topic of the end of the financial year (EOFY). With June upon us, many tradies find themselves in a whirlwind of financial stress and unfulfilled goals. 
It’s a familiar tale — “I’ll start that next financial year,” but as Katie reminds us, nothing miraculously changes come July 1st. So instead of waiting for the new financial year, why not take control now? 
Katie offers three practical tips to ensure you finish this financial year strong and start the next one on the right foot. She emphasises that taking small, deliberate steps can lead to significant changes. 
In this episode of Profit First for Tradies, you’ll learn the following:

• Common excuses as the end of the financial year looms ahead and the importance of proactive planning (00:10)
• Reality check —  don’t expect a magical transformation on July 1st if you don’t take action now (01:22)
• If this year has been stressful, acknowledge it but plan to make next year different (01:52)
• The big question — What are you going to do differently? (02:25)
• Step 1: Make a decision now to change and prioritise your financial management (02:53)
• Step 2: Pinpoint your biggest financial headaches (03:07)
• Step 3: Find the right help for your business (04:03)
• Action items for EOFY (05:23)

If you’re feeling overwhelmed by the end of the financial year, remember you’re not alone, and there’s plenty you can do to turn things around. Prioritise, plan, and seek the right support to make this EOFY your most successful yet. Don’t wait for the calendar to flip — start making the necessary adjustments now to ensure a smoother, more prosperous financial year ahead!
CONNECT WITH KATIE CRISMALE-MARSHALL

• Website: https://www.profitfirstfortradies.com.au/ 
• YouTube: https://www.youtube.com/@profitfirstfortradies9503/featured  
• Facebook: https://www.facebook.com/ProfitFirstforTradies/   
• Email: [email protected] 
• Instagram: https://www.instagram.com/profitfirstfortradies/ 

Have you tried implementing Profit First in your business but found yourself stuck or overwhelmed? Many tradies attempt to implement Profit First but hit roadblocks due to time constraints, cash flow issues, or simply not knowing where to start. 
In today’s episode, we'll explore practical steps to help you get back on track and successfully implement Profit First, even if you’ve struggled before.

In this episode of Profit First for Tradies, you’ll learn the following:

• Understanding the benefits of implementing Profit First and common reasons why tradies get stuck. [00:00]
• The importance of making a firm decision to implement Profit First and sticking to it. [02:30]
• Steps to ensure you consistently apply Profit First principles, including setting aside time weekly for financial review. [04:10]
• Identifying what worked and what didn’t in your previous attempts and making necessary adjustments. [06:00]
• How successful implementation can lead to better decision-making, less stress, and a more enjoyable business environment. [08:00]

Implementing Profit First can transform your business and personal life by providing financial clarity and reducing stress. Even if you’ve struggled before, it’s never too late to get back on track. Join me for a quick chat to receive personalised action steps that can help you move forward.

CONNECT WITH KATIE CRISMALE-MARSHALL

• Website: https://www.profitfirstfortradies.com.au/ 
• YouTube: https://www.youtube.com/@profitfirstfortradies9503/featured  
• Facebook: https://www.facebook.com/ProfitFirstforTradies/   
• Email: [email protected] 
• Instagram: https://www.instagram.com/profitfirstfortradies/ 

Building a profitable trade business isn't just about swinging hammers — it's a juggling act of managing finances, teams, and growth. 
In this candid conversation, Dean Backman from Backman Builders and Build Insite sits down with Katie to uncover the secrets to financial mastery. Brace yourself for a refreshingly honest look at the struggles tradies face and how to overcome them through smart money management and building the right financial team. 
In this episode of Profit First for Tradies, you’ll learn the following:

• The power of teamwork: The key to unlocking financial success (27:54)
• Goal-setting: The secret to preventing complacency (31:17)
• Katie's driving force: From frustrated financial planner to passionate Profit First advocate (33:39) 
• How to avoid becoming just a statistic in the building industry (37:14)
• Simplicity is king: How Profit First streamlines business financials for time-strapped tradies (39:27)

Get ready to shatter the myth that bookkeeping has to be a bore and discover how the Profit First system can be customised to revolutionise your profitability — all while keeping things simple enough to run your finances in just 15 minutes a week!
CONNECT WITH KATIE CRISMALE-MARSHALL

• Website: https://www.profitfirstfortradies.com.au/ 
• YouTube: https://www.youtube.com/@profitfirstfortradies9503/featured  
• Facebook: https://www.facebook.com/ProfitFirstforTradies/   
• Email: [email protected] 
• Instagram: https://www.instagram.com/profitfirstfortradies/ 

CONNECT WITH BUILD INSITE

• YouTube: The Build Inside Podcast
• Apple: The Build Insite Podcast
• Spotify: The Build Insite Podcast

If you're a tradie or builder feeling overwhelmed by the challenges of running a successful business, this episode is a game-changer. 
Join Dean Backman from Backman Builders and Build Insite as he pulls back the curtain on the transformative power of collaboration, education, and financial mastery in the trade space.
He shares his journey in the building industry and the passion that led him and his team to start a collaborative platform aimed at transforming the trade space. 
Grab a pen and take notes as he reveals insider tips and challenges in running a successful business that prioritises profit, work-life balance, and a legacy for future generations.
In this episode of Profit First for Tradies, you’ll learn the following:

• Dean's roots in the building industry (00:50)
• The value of education, systems, and processes in achieving financial freedom and a balanced life (02:58
• Why Dean reached out to Katie (04:22)
• All about Build Insite: A collaborative effort to help builders and tradies succeed through shared knowledge and resources (14:23)
• The power of collaboration over competition and its potential to transform the industry and impact communities (18:00)
• The importance of customising your systems and building a solid team for seamless business operations (25:49)

Whether you're a seasoned tradie or aspiring builder, this episode is a masterclass in breaking free from the grind and forging a path towards sustainable success. Join Dean and Katie as they shatter industry norms, revealing the secrets to building a profitable, balanced, and community-driven business that leaves a lasting legacy.
CONNECT WITH KATIE CRISMALE-MARSHALL

• Website: https://www.profitfirstfortradies.com.au/ 
• YouTube: https://www.youtube.com/@profitfirstfortradies9503/featured  
• Facebook: https://www.facebook.com/ProfitFirstforTradies/   
• Email: [email protected] 
• Instagram: https://www.instagram.com/profitfirstfortradies/ 

CONNECT WITH BUILD INSITE

• YouTube: The Build Inside Podcast
• Apple: The Build Insite Podcast
• Spotify: The Build Insite Podcast

Mounting ATO tax debt is a growing concern for many businesses, with some owing hundreds of thousands of dollars. Katie Crismale-Marshall understands the three biggest frustrations: constantly chasing your tail, never getting on top of things, and not knowing where you stand financially. She emphasises the importance of having a clear plan to pay off the debt within a specified timeframe while keeping up with current obligations.
In this episode, Katie highlights that poor advice from bookkeepers or accountants (not all of them, many are amazing) is often the root cause of the problem, leaving business owners in a precarious financial position. She then talks about three crucial steps to help get you out of this dilemma.
In this episode of the Profit First for Tradies, you’ll learn the following:

• Why increasing ATO tax debt is such a crucial topic (00:08)
• The three biggest frustrations businesses face with tax debt (00:42)
• Poor advice from financial advisors is often the reason why you’re in this conundrum (01:53)
• Step 1: Take stock and assess (02:37)
• Step 2: Reach out for help (04:53)
• Step 3: Implement Profit First and negotiate a payment plan (06:51)
• How to avoid working tirelessly for naught  (09:49)
• Benefits you will enjoy when you reach out to Katie (11:12)

Whether you're already implementing Profit First or haven't started yet, Katie encourages reaching out for a free 15-minute consultation to receive actionable steps toward ultimately eliminating your ATO debt.
CONNECT WITH KATIE CRISMALE-MARSHALL

• Website: https://www.profitfirstfortradies.com.au/ 
• YouTube: https://www.youtube.com/@profitfirstfortradies9503/featured  
• Facebook: https://www.facebook.com/ProfitFirstforTradies/   
• Email: [email protected] 
• Instagram: https://www.instagram.com/profitfirstfortradies/ 

Are you aware of just how crucial your financial team is to the success of your business? They can make or break your company and be instrumental in how soon you can achieve your goals.
In this episode of Profit First for Tradies, Katie Crismale-Marshall discusses the importance of building a strong financial team for your business. She emphasises that having the right professionals in place, such as a business coach, bookkeeper, and tax accountant, is critical for success. Katie provides tips to evaluate if your current financial team is up to the mark.
Katie highlights the need for clear communication and a solid understanding of financial reports. If anyone in your financial team isn’t in sync, then maybe it’s time to consider finding one who will be a better fit for you.
In this episode of the Profit First for Tradies, you’ll learn the following:

• What Katie and her team do for their clients (00:56)
• The value of communication and finding the right fit for your business (01:54)
• Tips on taxes accountant and tax planning sessions (05:17)
• Tips on how to utilise your Xero file (06:42)

Overall, Katie's message is to maintain open communication with your financial team, ask questions when something doesn't make sense, and ensure everyone is working together towards your business goals. By fostering a strong financial team, business owners can better manage their finances, plan for taxes, and achieve their desired profitability and lifestyle.

CONNECT WITH KATIE CRISMALE-MARSHALL

• Website: https://www.profitfirstfortradies.com.au/ 
• YouTube: https://www.youtube.com/@profitfirstfortradies9503/featured  
• Facebook: https://www.facebook.com/ProfitFirstforTradies/   
• Email: [email protected] 
• Instagram: https://www.instagram.com/profitfirstfortradies/