The ToolShed Podcast

Investing is a powerful tool for achieving long-term financial stability and building wealth. It requires understanding the basics of finance and investing to make informed decisions. It's far from gambling. It's about making smart decisions based on information and careful analysis. Education is key to successful investing, so it's important to be educated before investing and not just go in blindly. Remember that investing is a long-term game requiring patience, discipline, and a calculated approach.

In this episode of The ToolShed, I talk about The Freedom Trader Blueprint with Terry Tran, a financial expert who teaches people how to make their money work for them. Terry shares his insights on the psychology of investing and the power of compounding. He emphasizes the importance of protecting your capital and having a solid understanding of what you're investing in. His program can help people take control of their finances and achieve financial freedom. This episode is a must-listen if you want to make your money work for you and build long-term wealth.

Key takeaways:

• The Blueprint program teaches fundamental analysis and maximizes profits
• Protecting capital and understanding the psychology of investing is crucial to long-term success
• Investing as a long-term game requires patience, discipline and a calculated approach
• Have a basket of investments, than put all your eggs in one basket
• Education on investments to avoid investing blindly and make smart decisions
• How to analyze and find which investments to make
• We talk in-depth about the benefits of using a robo-advisor to manage your investments

All this and more, on this week's episode of THE TOOLSHED.

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Stay tuned next week when we talk about avoiding major marketing mistakes feat. Steph Campanella. So, don't forget to subscribe to the show to get that episode as soon it gets released. Until then, stay healthy.

• The Freedom Trader Blueprint

Talking about mental health can be powerful in supporting those who are struggling. By opening up and sharing our experiences or concerns, we create a space for others to do the same. This can help remove the social barriers to accessing mental health support. Simply checking up on someone can make a real difference and help those struggling to feel less alone and more supported.

In this episode of the Tool Shed podcast, I go through the challenges of mental health in the building and construction industry with Jason Banks, co-founder of TIACS, a free mental health counselling to tradies, truckies, rural, blue-collar workers and their loved ones right around Australia. With 30 years of Retail Leadership experience with two of Australia's biggest retailers in Coles and Bunnings, Jason has a wealth of knowledge in managing large teams. He understands how important mental health can impact those around us.

Key takeaways:

• Starting conversations about mental health is important
• Mental health challenges are prevalent in the building industry
• Good coaching and information cannot be effective if mental health and emotional difficulties are not addressed
• Being vulnerable creates a space for others to be vulnerable as well
• Listen for cue signs that someone may be struggling and check in with them regularly
• TIACS aims to remove physical, social, and financial barriers associated with accessing mental health support
• Having a support crew in place gives you the option to reach out when you're having a bad day
• Regular check-ins with those who open up about mental health challenges are essential for continued support

All this and more, on this week's episode of THE TOOLSHED.

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Stay tuned for next week when I cover Making Your Money Work For You Without The Risk with Terry Tran. So, don't forget to subscribe to the show to get that episode as soon it gets released. Until then, stay healthy.

• tiacs.org/
• linkedin.com/company/tiacs/about/
• facebook.com/thisisaconversationstarter/

Managing business finances is like a journey through a dense forest. Business owners must first understand the purpose of their business, like having a compass to navigate through the woods. Along the way, they must avoid common mistakes, such as chasing money and using the business as a personal bank account, which can lead to financial distress. With the help of financial education and like-minded professionals, they can use the Profit First method to manage their finances and eliminate financial distress, leading to a more comfortable and stress-free life. By prioritizing profit over revenue and pursuing strategic growth, they can reach the end of the forest and find financial freedom.

In this episode of the ToolShed Podcast, I talk to Marisa Punshon, who specializes in helping business owners achieve financial success. Marisa is a Profit First Professional and has been a Growth Partner for The Entourage since 2015, running workshops on and providing support in Financial Management and Money Mindset. Her approach involves empowering business owners with financial education and helping them understand their numbers.

Key takeaways:

• Profit is essential for every business, and it should be the focus of your financial planning
• Financial stress can cause health issues, family breakdowns, and other problems in your life
• Financial education is vital to making accurate financial decisions for your business
• You need to be aware of the future and plan for it to minimize discomfort or distress
• Growth always involves pressure or discomfort, but it's necessary for success
• You need to understand your business's purpose and goals to engineer your finances to achieve them
• Having a coach or mentor can help you navigate financial management challenges and achieve your goals

All this and more, on this week's episode of THE TOOLSHED.

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Next week, we discuss conversations and support crews for mental health with Jason Banks. So, remember to subscribe to the show to get that episode as soon it gets released. Until then, stay healthy.

• marisapunshon.com.au/
• the-entourage.com/

As physical workers, builders are no strangers to sore muscles and aching joints, but the impact of these injuries can go beyond just physical pain. It can affect decision-making and emotional well-being, having a ripple effect on the entire business and an individual's life. There is a need to see the importance of body awareness, proper lifting techniques, and recovery and preparation methods to prevent injuries and maintain body health.

In this episode of the ToolShed podcast, Mick Hawes interviews Guy Onley, founder of The Onsite Coach, an expert in powerlifting and coaching strong men to take care of their physical health. With years of experience in the fitness industry, Guy understands the physical toll pain can take on an individual's productivity, emotions, and decision-making abilities. As a powerlifter himself, Guy has a unique perspective on how to help builders and other physically demanding workers stay in top shape and avoid common injuries like back pain. Guy will share his journey into powerlifting and coaching and the importance of self-care in maintaining a successful business.

Key takeaways:

• Businesses should invest in training staff on proper lifting techniques and providing recovery programs
• Individuals should take personal accountability for their physical health and engage in mobility exercises and recovery programs
• Lifting is a necessary activity in a construction site and requires proper technique to avoid injury
• Training new staff on proper lifting techniques is crucial to reduce the risk of injury
• Mobility exercises and recovery programs are essential for preventing injury and maintaining physical health
• Physical pain can affect builders' productivity and decision-making and has emotional implications as well
• Power lifting and body awareness can help prevent physical pain and improve longevity in physical jobs

All this and more, on this week's episode of THE TOOLSHED.

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Stay tuned next week when we talk about how to gain greater clarity, confidence, and control in your business feat. Marisa Punshon. So, remember to subscribe to the show to get that episode as soon it gets released. Until then, stay healthy.

• theonsitecoach.com
• instagram.com/theonsitecoach
• facebook.com/theonsitecoach
• [email protected]

Trust and openness are necessary for a successful project between a builder and a client. When neither is transparent, the project suffers from inappropriate budgeting, low-quality construction, and poor client experience. All of this is preventable when trust is established, and this is a necessary task of a builder to be a trusted expert. As a builder understands the client's concerns and puts himself as a knowledgeable and reliable partner, the client receives a positive client experience and a successful project.

In this The ToolShed Podcast episode, Mick Hawes interviews Richard Armstrong, an expert in building client trust. Richard is passionate about improving the building industry and creating a better experience for builders and customers. Richard will share his insights on why builders need to become trusted experts in their client's minds. He will discuss how builders can improve client experience by providing the correct information and setting realistic expectations. Learn from Richard how to become your clients' go-to builder and build a team environment for your building projects.

Key takeaways:

• Importance of actively listening and empathy on client experience
• Highlight your expertise as a builder to stand out from competitors
• Discover why trust is crucial in building a successful construction project
• Stepping up as a problem solver build trust with the client
• Openness prevents inappropriate project cost and poor project experience
• Why it is necessary to create a process as a builder and be transparent with the client

All this and more, on this week's episode of THE TOOLSHED.

Join the toolshed - thetoolshedpodcast.com

Stay tuned next week when we talk about Protecting Your Team From Avoidable Injury with Guy Onley. So, don't forget to subscribe to the show to get that episode as soon it gets released. Until then, stay healthy.

• https://www.franklincovey.com/the-7-habits/

If the business owner is not right, the business will not be right. Mental health is a significant issue that affects millions of people worldwide, and men are not an exception. In particular, Australian men face unique challenges when seeking help. Quality relationships with trust and vulnerability are important in reducing isolation and improving mental health.

Liam Sorrell is the founder of Grit and Gratitude, a men's mental health service that offers support and tools for those struggling with mental health issues. Liam is also the founder of the Australian Dads Network, a community that provides a safe space for fathers to connect and support one another.

Key takeaways:

• Australian Dads Network was created to support dads, who were struggling with isolation and a lack of connection in their community.
• Grit and Gratitude is a men's mental health service that supports anyone who needs it, with an emphasis on grit and resilience.
• Men tend to be bad at reaching out and seeking help, but the Australian Dads Network provides a safe space for them to do so.
• Dropping the shield and being vulnerable is the first step in having a conversation about mental health.
• The semicolon in the Grit and Gratitude logo represents a pause in the journey, but there is always a positive end in sight.
• Mental health is an important aspect of business success because if the business owner isn't right, the business never will be.
• Connection and having strong social relationships can reduce suicide rates and improve mental health.
• Being open and vulnerable can help build trust and create a supportive community.

All this and more, on this week's episode of THE TOOLSHED.

Join the toolshed - thetoolshedpodcast.com

Don't miss out on next week's episode of The Toolshed, where we'll discuss Addressing Unrealistic Budget Expectations: Insights from Building Industry with the industry expert Richard Armstrong. So, don't forget to subscribe to the show to get that episode as soon it gets released. Until then, stay healthy.

• https://australiandadsnetwork.org.au/
• https://www.beyondblue.org.au/
• https://www.blackdoginstitute.org.au/
• https://www.gritandgratitude.com.au/

Training is essential for improving the quality of a business' customer experience. The best way to train staff and for them to learn is by videos. By creating an efficient video training system, businesses save time and resources by not having to train employees repeatedly and share knowledge in a way that benefits the entire team. This way, you can avoid the cost of turnover and retain valuable information even when employees leave.

In this episode, Mick Hawes interviews Luke Canham, the founder of Multiply Me - a learning management system that simplifies creating and distributing video training content for businesses. With 35 years of experience managing hundreds of staff across various locations and countries, Canham is a successful business owner and a loving husband and father. He emphasizes the significance of shared knowledge as the path forward for businesses.

Key takeaways:

• Multiply Me is a learning management system that allows businesses to share videos with specific people and track data
• Video tutorials are an effective way to educate and train employees and contractor
• People are becoming more dependent on videos when it comes to learning
• Investing time and effort in video training can add substantial value to a business and make it easier to sell
• Creating a efficient video training system can lead to shared knowledge and less turnover in a business
• Turnover is one of the most expensive costs in small business

All this and more, on this week's episode of THE TOOLSHED.

Join the toolshed - thetoolshedpodcast.com

Stay tuned next week when we talk about Mental Health, Grit & Gratitude feat. Liam Sorrell. So, don't forget to subscribe to the show to get that episode as soon it gets released. Until then, stay healthy.

https://multiplyme.com.au/

In challenging economic times, building wealth can seem like an impossible task. But it is important to remember that even in times of uncertainty, there are opportunities for growth and prosperity. In this episode of The Toolshed, we will explore the principles and strategies for building wealth in challenging times with Tony Harrington. By taking proactive steps to protect your finances, create new income streams, and invest wisely, you can position yourself for success in the long run.

The episode begins by discussing the mindset shifts and habits that successful wealth builders adopt to stay motivated, focused, and resilient. From there, Tony Harrington shares his insights into the changes in the building industry and their effects on property investment, as well as effective strategies for weathering the storm of rising interest rates and cost of living in the building industry. He also talks about smaller builders' challenges regarding cash flow management and market forecasting.

Key takeaways:

• Discover the changes in the building industry and their effects on property investment from the perspective of Tony Harrington.
• Hear about the impact of interest rates, the cost of living, and material costs on the building industry.
• Learn about effective strategies to buy or build a property during economic uncertainty.
• Discover the benefits of being clear on your purpose in business and determining your goals to create an enjoyable life for yourself and your family.
• Hear about the importance of financial literacy and budgeting for personal finance.
• By formulating a plan, learn how to improve your life and achieve your goals.

All this and more, on this week's episode of THE TOOLSHED.

Join the toolshed - thetoolshedpodcast.com

• yourpropertyinvesting.com.au

Don't miss out on next week's episode of The Toolshed, where we'll explore The Power of Video Procedures for Your Business Success with Luke Canham. So, don't forget to subscribe to the show to get that episode as soon it gets released. Until then, stay healthy.

Building trust is key to establishing a strong relationship between a builder and a client in the construction industry. This trust is especially crucial when it comes to pricing a construction project. In this episode of The ToolShed, Mick Hawes speaks with Richard Armstrong, a former registered builder and founder of ProCalc, a builder's price guide that aims to help builders and clients build a trusted rapport and reach reasonable project costs.

Richard shares his insights on navigating negotiations and building a strong rapport with clients, emphasizing the importance of being a trusted expert. The conversation also explores how ProCalc, an industry calculator and builder's price guide, can save builders time and effort by providing accurate estimates from the desktop.

Key takeaways:

• Trust between builders and clients is crucial in achieving a reasonable budget for construction projects.
• Being a trusted expert is essential in building trust with clients.
• ProCalc is a game-changer for the construction industry, saving builders time and effort by providing accurate estimates from the desktop.
• ProCalc is a credible and accurate tool for estimating concept costs.
• Using ProCalc can save builders 2-4 days of work every month.
• Professional engagements between clients and builders can benefit from ProCalc's trusted approach to project pricing.

All this and more, on this week's episode of THE TOOLSHED.

Join the toolshed - thetoolshedpodcast.com

Don't miss out on next week's episode of The Toolshed, where we'll talk about Building Wealth In Challenging Times with Tony Harrington. So, don't forget to subscribe to the show to get that episode as soon it gets released. Until then, stay healthy.

• www.procalc.com.au/

In this episode of The Toolshed, host Mick Hawes sits down with Haydn Simmons, a dedicated carpenter with a deep passion for his craft. With years of experience, he has honed his skills and developed a keen eye for detail. But his love for carpentry goes beyond his projects. Haydn is also committed to improving the building industry as a whole.

Haydn's passion for carpentry has also driven him to help others in the industry. Through his work with Price A Plan, he has assisted other builders and contractors with their estimating needs, allowing them to focus more on their craft and less on the administrative side of their businesses. He is committed to helping others succeed in the industry and believes that his passion for carpentry drives his desire to help others.

Key Takeaways:

• Effective strategies for managing pressure and achieving a successful construction project
• Mitigate financial errors within the construction sector
• Comprehend the various budgetary allocations available for your project
• Foster collaboration and communication for a more cohesive contract and an exceptional final outcome

All this and more, on this week's episode of THE TOOLSHED.

Join the toolshed - thetoolshedpodcast.com

Don't miss out on next week's episode of The Toolshed, where we'll discuss Helping Align Prospects' Expectations with Budgets with the industry expert Richard Armstrong. So, don't forget to subscribe to the show to get that episode as soon it gets released. Until then, stay healthy.

priceaplan.com.au