Do you pay yourself a salary?

How about a fair market salary?

Maybe you’re not quite sure what that is?

Many trades and contracting business owners don’t know either.

They just make up a number that seems right.

And continue working 60+ hour weeks, effectively getting paid below minimum wage...

Others pay themselves whatever’s left over at the end of the month.

Basically, just taking the scraps to cover bare minimum expenses...

Or worse, they take money out of drawings whenever they need it.

Regardless of whether the business can support it...

If you operate like this, you don’t know your business’s true costs, so you can't tell how it’s really performing. And that can lead to some nasty consequences down the line...

To get your head around fair market salaries, and how they’re critical to your business success, tune into our latest episode of The Profitable Tradie Podcast

WHAT YOU’LL GAIN FROM LISTENING TO TODAY’S PODCAST:

1. Find out What Makes a Business Easy to Sell in the Future
2. Learn The Key to Getting Paid a Salary PLUS a Cut of the Profit
3. Discover How Paying Yourself Properly Actually Improves Work Life Balance

LINKS MENTIONED IN THIS EPISODE:

• Claim a Free Planning Session to learn what coaching could do for your business
• Join our FREE private community of trades business owners in our Facebook group
• Subscribe to our YouTube Channel
• Get a copy of the Profitable Tradie book

Thanks for joining us this week. Want to subscribe to The Profitable Tradie Podcast? Have some feedback you’d like to share? Connect with us and leave us a review with a 5-star rating.

In 1954, Roger Bannister ran a mile in under 4 minutes.

Before him, nobody thought that was possible.

Today, more than a thousand runners have done it.

Bannister showed how far the bar could be raised, inspiring his peers to reach further.

Do your friends inspire you to take your business to new heights?

Do they stretch you?

Seeing their achievements inspires you to reach further...

Challenge you?

To be serious about your business and do the hard work to improve it...

Set an example to follow?

They’re bold... They do what they say they’re going to do... They’re constantly learning...

Or do they cut you down?

Make you feel guilty for earning good money, or taking a well-earned day off...

Hold you back?

From growing your business, increasing prices, or prioritizing more profitable work...

Make you feel bad for having ambition and drive?

They don’t really want you to have success, because it makes them feel inadequate...

The people you hang out with most have a huge impact on the success of your business.

If you’re not happy with the results you’re getting, taking a look at who you surround yourself with is an important step.

WHAT YOU’LL GAIN FROM LISTENING TO TODAY’S PODCAST:

1. HOW TO SURROUND YOURSELF WITH SUPPORT AND CHALLENGE
2. HOW TO STOP FEELING GUILTY ABOUT YOUR SUCCESS
3. HOW LIFESTYLE CHOICES CAN HELP YOUR BUSINESS

LINKS MENTIONED IN THIS EPISODE:

• Claim a Free Planning Session to learn what coaching could do for your business
• Join our FREE private community of trades business owners in our Facebook group
• Subscribe to our YouTube Channel
• Get a copy of the Profitable Tradie book

Thanks for joining us this week. Want to subscribe to The Profitable Tradie Podcast? Have some feedback you’d like to share? Connect with us and leave us a review with a 5-star rating.

Builders & General Contractors are tricky, right?

They can be super unorganized, which can mess you around and kill your profits.

If you’re not careful, they can also use you like a bank...

On the other hand, they can bring in a lot of work opportunities.

So, how can we work with Builders and General Contractors in a productive way? And what’s the key to ensuring they call you the next time they need a job done?

On this week’s The Profitable Tradie Podcast I interview Adam Ballinger, owner of award-winning general contractors New Image Homes—and the guy who built my house.

WHAT YOU’LL GAIN FROM LISTENING TO TODAY’S PODCAST:

1. THE KEY TO BECOMING A BUILDER’S NEW GO-TO
2. HOW TO STOP CONTRACTORS USING YOU LIKE A BANK
3. LESSONS TO LEARN FROM SUBCONTRACTOR HORROR STORIES

LINKS MENTIONED IN THIS EPISODE:

• Claim a Free Planning Session to learn what coaching could do for your business
• Join our FREE private community of trades business owners in our Facebook group
• Subscribe to our YouTube Channel
• Get a copy of the Profitable Tradie book

Thanks for joining us this week. Want to subscribe to The Profitable Tradie Podcast? Have some feedback you’d like to share? Connect with us and leave us a review with a 5-star rating.

Do you ever get to the end of a long week and think to yourself...

“What’s the point of it all?”

Despite working 50+ hours, you’re still left...

Scrambling to meet unreasonable demands from your customers.

Fixing team mistakes and answering the constant barrage of questions.

Stressed about getting paid and how you’re going to keep the team busy.

And for all of that, you’re probably getting paid less than your top tradesmen.

But that’s not the worst part...

The stress starts to creep into your personal life...

When you get home, it’s hard to be present with your partner.

Work is constantly on your mind and your partner feels like you’re never there.

And you’re left choosing between keeping the business afloat and having a healthy relationship.

It’s a hard place to find yourself in...

But one, we've seen many business owners get through.

Because of that we recorded a video with some tips on how to balance running a business while keeping a healthy relationship.

WHAT YOU’LL GAIN FROM LISTENING TO TODAY’S PODCAST:

1. Tips to leave stress at work and away from family life
2. Learn the time and place to discuss business with your significant other
3. Figure out how to make profit from your business enhance your marriage

LINKS MENTIONED IN THIS EPISODE:

• Book a FREE 15-minute call to learn what coaching could do for your business
• Join our FREE private community of trades business owners in our Facebook group
• Subscribe to our YouTube Channel
• Get a copy of the Profitable Tradie book

Thanks for joining us this week. Want to subscribe to The Profitable Tradie Podcast? Have some feedback you’d like to share? Connect with us and leave us a review with a 5-star rating.

"I need to hire an [INSERT TITLE HERE], let me promote [INSERT EMPLOYEE NAME HERE] Because he’s my best worker”

Here’s the critical mistake.

A move from a tradesman to operation manager or similar role is not a promotion.

It’s a career change.

You should absolutely reward your best worker in any way you can

But it’s important to understand the different skills required for on the tools and in the office.

You can’t pick your Opps manager off merit and loyalty unfortunately.

So how do you pick them?

The guys decided to sit down and record an episode on it.

WHAT YOU’LL GAIN FROM LISTENING TO TODAY’S PODCAST:

1. A better understanding of the skills required to fill high level roles
2. Learn the best way to reward loyal and hardworking tradesmen
3. Have the formula to hire a killer Operations Manager

LINKS MENTIONED IN THIS EPISODE:

• Book a FREE 15-minute call to learn what coaching could do for your business
• Join our FREE private community of trades business owners in our Facebook group
• Subscribe to our YouTube Channel
• Get a copy of the Profitable Tradie book

Thanks for joining us this week. Want to subscribe to The Profitable Tradie Podcast? Have some feedback you’d like to share? Connect with us and leave us a review with a 5-star rating.

podcast

Family & Friend Discounts.

There’s something about it that makes us feel good.

Especially when we use the skills our business offers to give them a valuable service.

There are so many business owners who sacrifice a little bit of monthly profit to help their family and friends out.

I just wish more of them knew the real cost...

Because it’s not just the job profit you’re sacrificing.

Everybody knows there’s a cost for doing this type of work.

But It’s scary how few know the full cost.

Because of that, the guys sat down to record a free training session on learning all the hidden costs.

WHAT YOU’LL GAIN FROM LISTENING TO TODAY’S PODCAST:

1. An understanding of what Opportunity cost is and how it effects your numbers
2. The mindset of a business owner who knows the downsides to generosity
3. A focus on the most profitable jobs

LINKS MENTIONED IN THIS EPISODE:

• Book a FREE 15-minute call to learn what coaching could do for your business
• Join our FREE private community of trades business owners in our Facebook group
• Subscribe to our YouTube Channel
• Get a copy of the Profitable Tradie book

Thanks for joining us this week. Want to subscribe to The Profitable Tradie Podcast? Have some feedback you’d like to share? Connect with us and leave us a review with a 5-star rating.

Do you have issues in your business but just haven’t had the time to fix them?

Let's say your system for tracking your numbers.

You know if you get it sorted, your profit will improve.

You might even have a plan about how you’re going to do it

But to this day the issue is still there...

It's probably because you just don’t have the time to make these changes to your business.

But unfortunately, the more you put it off the more urgent these fixes become.

Luckily there’s some things you can do.

Phil and I are in the studio talking about why ideas are easy, why acting on them is hard and what you can do to fix that.

WHAT YOU’LL GAIN FROM LISTENING TO TODAY’S PODCAST:

1. Be able to track and understand your financials
2. Become a pro at implementing systems into your business
3. Complete more mini tasks to elevate your business

LINKS MENTIONED IN THIS EPISODE:

• Book a FREE 15-minute call to learn what coaching could do for your business
• Join our FREE private community of trades business owners in our Facebook group
• Subscribe to our YouTube Channel
• Get a copy of the Profitable Tradie book

Thanks for joining us this week. Want to subscribe to The Profitable Tradie Podcast? Have some feedback you’d like to share? Connect with us and leave us a review with a 5-star rating.

If there’s one thing I miss from my days as an employee, it's the certainty.

Getting home at the same time every day and being able to enjoy time with friends & family.

Don't get me wrong, being a business owner is much better than being an employee...

But having a guaranteed income does have its advantages.

That's why landing large jobs is appealing.

They give you 6-12 months' work that's worth decent money.

And instead of constantly finding, pricing, completing and invoicing lots of little jobs

Big jobs mean you only have one thing to focus on.

The only problem is...

They’re notoriously hard jobs to land (without slashing your prices)

But somebody must win them.

Which is why I sat down with Tender expert Jason Coony where he shared the tricks you can use to win more large jobs (85% of trades business owners miss these simple things)

WHAT YOU’LL GAIN FROM LISTENING TO TODAY’S PODCAST:

1. The processes which 95% of businesses ignore when pricing for jobs
2. avoid the mistakes most make when pricing work
3. Consistent income from recurring work

LINKS MENTIONED IN THIS EPISODE:

• Book a FREE 15-minute call to learn what coaching could do for your business
• Join our FREE private community of trades business owners in our Facebook group
• Subscribe to our YouTube Channel
• Get a copy of the Profitable Tradie book

Thanks for joining us this week. Want to subscribe to The Profitable Tradie Podcast? Have some feedback you’d like to share? Connect with us and leave us a review with a 5-star rating.