Nigel Smellie - Financial Contributor
26 March 2022, 5:30 PM
When you started your trades business, more than likely you had big ideas about how you envisioned your future - a profitable business, more flexibility with your schedule, and more time to spend with family.
However, it doesn’t take long for most trades business owners to discover that when you’re running your own business, you wear multiple hats and time becomes your scarcest resource.
Not only are there labour shortages, material shortages and price pressures, but adding in the complications of Covid-19 operating conditions - worksite health and safety, staff wellbeing and vaccine policies, and this is a recipe for some overworked and stressed trades-based business owners.
The good news is, there is a way to minimise your frustrations and help you take control of your future.
Taking our learnings from working with hundreds of successful tradies, Findex has developed a framework designed specifically for trades businesses that want to grow a profitable and sustainable business. We developed this clear framework into our Tradies Academy.
The Tradies Academy outlines how to succeed in your industry through a simple and easy-to-follow programme in which you will be partnered with an experienced adviser, who will help you to challenge the status quo and guide your future business direction.
Our business advice can assist you to manage your pricing and margins monthly as we are heading into a higher wage, high-inflation environment.
We can also help with matching the right software and programmes for your trades business in key areas of accounting, day-to-day operations, payroll, health and safety, financial management and performance monitoring.
The Tradies Academy six key elements of success above. PHOTO: supplied
It’s important to ensure your time as a business owner is spent focusing on optimising your business and achieving your profit goals. If you’re feeling like that hamster on a wheel, constantly one step behind, then now is the time to analyse what changes need to happen in your business so that you can start getting ahead.
Find out how the Tradies Academy can help your business. If you have any questions or need guidance, please contact us.
The views and opinions expressed in this article are those of the author/s and do not necessarily reflect the thought or position of Findex Advice Services NZ Limited
Read more on the Tradies Academy here.
Refer to our disclosure information on our website https://www.findex.co.nz/disclaimers