Episode 41

full
Published on:

4th Nov 2022

Why You Need to Keep Score In Your Business to Succeed

Today we’re going to show you how mastering ‘scorekeeping’ is the key to a trades business owner’s success.

Tony and Phil will also share how our members normally increase their gross profit by 5-10% when they implement good ‘scorekeeping’.

Because if you’re not keeping score. 

And you’re not measuring how well you’re performing.

Well, you’ll never know if you’re winning or losing. And you’ll never figure out where you’re going wrong. Or where you’re going right.

This makes it really difficult to improve your business. Because you can’t pinpoint your mistakes. There’s no way to see those red flags that help you identify the root of your problems.

For example, if you don’t know what your gross profit is, how are you going to know if a job is profitable or not?

How are you even going to price a job to ensure every piece of work you and your team complete is helping you succeed?

In today’s podcast we’ll show you why keeping score, and measuring how well your business is performing, is so important. 

You’ll see how you can set yourself up for success by avoiding poor results and the frustration you feel when you’re not in control.



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

  • You can confidently make changes because you understand the drivers
  • See better results
  • Feel in control of your business success

LINKS MENTIONED IN THIS EPISODE:



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

Chartable - https://chartable.com/privacy
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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