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Nine Financial Mistakes Consistently Being Made by Trade & Construction Businesses

Nine Financial Mistakes Consistently Being Made by Trade & Construction Businesses

Let’s get to the point quickly! You're on the tools all day, working your guts out, but the bank account doesn’t reflect the effort you are putting in. You're not alone. Having worked with thousands on business owners in the trade and construction industry, the stats don’t lie:

• 40% of businesses consistently lose money 
• 30% just break even
• 20% make a small take home profit (less than10%)
• Less than10% make a solid take home profit (greater than10%)

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Stop Whinging About How Hard it is to Find Good People; Fix Your Hiring Mistakes First.

Stop Whinging About How Hard it is to Find Good People; Fix Your Hiring Mistakes First.

If you’re struggling to find quality team members in your business, you’re not alone. The reality is, the external environment probably won’t change in the short term, yet instead of looking to blame and make excuses for hiring less than the best for your business, ask yourself…what can I be responsible for?

Here are seven of the biggest hiring mistakes we see in the trade and construction industry, along with what you could do instead.

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How to Build a Winning Team That Delivers Consistently Profitable Work

How to Build a Winning Team That Delivers Consistently Profitable Work

How to Build a Winning Team That Delivers Consistently Profitable Work. Check out the latest article from PROTRADE United written by Jon Mailer. In the trade and construction industry, your team is your business. Tools, process, and vehicles are irrelevant without the right people behind using them. And yet, many business owners still treat hiring as a reactive scramble rather than a long-term game. 

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A guide to providing your logo in the correct vector format?

A guide to providing your logo in the correct vector format?

If you're ordering anything custom-branded through Tradie Packs, one of the first things we'll ask for is your logo in vector format. But what exactly does that mean—and why is it so important? A vector format logo is a logo file created using mathematical equations and curves, rather than pixels. This allows the logo to be scaled to any size without losing quality or becoming pixelated. Common vector file formats include .AI, .EPS, .SVG, and .PDF. 

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Someone Has to Be the Most Expensive. Could That Be You?

Someone Has to Be the Most Expensive. Could That Be You?

Historically in some sectors within the trade and construction industries, pricing work can be a race to the bottom. Plumbers, electricians, painters, landscapers, and other skilled professionals are stuck in a cycle of providing free quotes, aggressive discounting, and competing on price alone. 

If you want to win more work at higher margins, then keep reading…

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How Your Accountant Could Be Sabotaging Your Business

How Your Accountant Could Be Sabotaging Your Business

When you think of your accountant, words like “reliable,” “advisor,” and “expert” may come to mind. After all, your accountant is ideally trained to assist you with managing your financial reporting, ensure you comply with tax regulations, lodging tax returns and to advise you on financial strategies and cash flow.

But possibly your accountant could be holding your business back?

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How to Ensure you Price for Profit | PROTRADE United Partner Article

How to Ensure you Price for Profit | PROTRADE United Partner Article

This article is designed to give you a brief and general overview of how to price your work profitably. I would like to emphasise that is a brief overview and that your individual business and situation will have to be considered. As your work projects become more complex it is vital that you invest time to understand your project costs together with your overhead expenses to ensure that you price profitably every time.
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