Episode 107

Published on:

7th Feb 2024

How To Take An Unprofitable Business And Make It Worth Millions

“The stress of facing financial disaster is crippling” 

The man who told me this had a good business from the outside. 

1.5 million in revenue and 8 staff members. 

But behind closed doors the business was losing money hand over fist.  

And the owner, Luke, didn’t know what to do. 

But he was different. 

18 months on, his business has doubled its revenue and now has a net profit of 25%. 

I sat down with Luke to uncover the secrets of how he turned everything around with no experience. 



  1. Learn how getting ontop of systems makes more business more profitable 
  2. An understanding of how working off the tools can take your business to the next level  
  3. Recognize the power of managing others  


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.

This podcast uses the following third-party services for analysis:

Chartable - https://chartable.com/privacy
Show artwork for The Profitable Tradie Podcast

About the Podcast

The Profitable Tradie Podcast
How to build a profitable Plumbing, Electrical or similar business that gives you the time, money and freedom to enjoy life.
Are you the owner of a Plumbing, Electrical, or similar service business and looking to increase your profits and regain your freedom?

If you answered yes to any of the above then follow/subscribe now, this is the podcast for you!

Presented by Tony Fraser-Jones and Phil Smith from Profitable Tradie. We dive into what it takes to build a profitable trades business that gives you the time and freedom you deserve.

We touch on topics like...
- How to hire decent tradespeople.
- What to do when clients don't pay their invoice.
- How to get around people beating me down on what I charge.
- Should I buy or lease my next van/truck?
- How to get my team to get off their phones and be motivated for work.
- The second easiest way to increase your profitability.

Along with sharing a ton of free resources so you can get started on what we're discussing right away!

We also talk with some of the world's most successful trades business owners and learn how they took their businesses from mediocre to multimillion.

In short. We don't know what we don't know.

Subscribe/follow now and join the global community of Profitable Tradie

About your host

Profile picture for Tony Fraser Jones

Tony Fraser Jones