Episode 45

full
Published on:

2nd Dec 2022

How Profitable Businesses Go Broke And How to Avoid It Happening to You.

To download your Profitable Tradie Cashflow Forecast template, CLICK HERE.

Cash is oxygen for your business. Without it you can’t pay your bills and you go broke.

Not knowing how much you’ve got coming in and going out is really risky.

That’s why this week Phil and I are going to show how to create a forecast that’ll help you smooth out your cash flow headaches.

It only takes 60 minutes to fill out. And will save you a lot of stress. 

Because when you know your cash flow, you’ll not get nasty surprises when your account hits $0.

And you’ll avoid the roller coaster that happens when your emotions are tied to your bank balance.

Plus you won’t find yourself making promises you can’t keep (like promising to pay people when there’s no way you can).

Believe it or not, having a good cash flow forecast can stop you going broke even if you’re running a profitable business (I’ve seen it happen many times before).

Let’s get into it…

WHAT YOU’LL GAIN FROM IMPLEMENTING TODAY’S PODCAST:

  • You’ll be proactive and planned
  • Take the emotion out of the bank account because there aren’t surprises
  • Keep your promises about payment
  • A whole lot less stress as you’re on the front foot with your cash flow.


LINKS MENTIONED IN THIS EPISODE:

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About the Podcast

The Profitable Tradie Podcast
For Trades & Contracting Business Owners Who Want More Profit, More Freedom, and Less Stress
If you run a plumbing, electrical, HVAC, or any other trades business and you’re tired of long hours, cash flow headaches, and pricing battles, this podcast is for you.



Join Tony Fraser-Jones and Phil Smith from Profitable Tradie as they break down straight-shooting strategies to help you make more money, work fewer hours, and get your business running smoothly—without the usual headaches.



We tackle the real challenges every trades business owner faces:
✔ How do I find and keep good techs when everyone is hiring?
✔ What do I do when customers don’t pay their invoices?
✔ How do I charge what I’m worth without getting undercut?
✔ Should I buy or lease my next truck or van?
✔ How do I get my crew to stop scrolling their phones and actually work?
✔ What’s the second easiest way to increase my profits? (The first is hitting play on this podcast!)



We also bring on some of the most successful trades business owners in the world—real people who’ve built multimillion-dollar companies—so you can learn exactly how they did it.



This isn’t just another business podcast. It’s your shortcut to building a highly profitable, well-oiled trades business that gives you more money and more freedom.



👉 Subscribe now and join thousands of tradies and contractors turning their businesses into profit machines.

About your host

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Tony Fraser Jones