Episode 5

Published on:

26th Feb 2022

The pricing mistake 93% of Plumbers, Electricians etc make

Do the financials of your business sometimes seem a bit tricky to grasp? Don't worry, you're not alone. We often find that most trades business owners are not across their financials, which is understandable seeing it's not something you are taught during your apprenticeship or at trades school.

Understanding your financials is very important as it really does give you full control of the business. You will start to see areas where you can make changes and create more profit, all with a couple of taps on the calculator.

In this episode we look at a few basic calculations that you can do to get an understanding of the performance of your business and jobs. Get stuck in and get back in the drivers seat of your business.



  • Gain a base level understanding of gross profit and net profit
  • Be able to calculate a few simple performance tracking numbers
  • Make informed decisions for your business
  • An ability to buy back your time


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. If you think that’s too high, tell us why that is, we’d love to hear from you! Just shoot me an email with the word ‘PODCAST’ in the subject line to tony.fraserjones@profitabletradie.com

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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

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Tony Fraser Jones