rise of the trades podcast
Episode 62

The 5 ‘Profit Numbers’ Every Tradesman Must Know To Avoid Going Into Liquidation

time
60 min listen

Summary

Just last week, I helped save an electrical contractor from going into liquidation and he had no idea his business was even in trouble.

Within minutes of looking at five key numbers, I could see that taking on a £110,000 commercial job would have sent his business bust in less than four months.

In this powerful podcast episode, I break down those five vital numbers every trades and construction business owner must understand and track.

These numbers can be the difference between staying afloat and going under.

Even if it looks like you're making a profit, your business could still be heading for serious trouble if you're not keeping an eye on these figures.

Key Learning and actions from this episode

  • How i’ve just saved an electrical contractor’s business form liquidation
  • 5 vital numbers that you must be tracking to increase profits
  • Discover how to work out your Gross and Net profit margins
  • Learn how to price your jobs correctly and increase profit margins
  • Learn how to work out your real hourly rates instead of winging it

Listen now, you may be making the same mistakes without realising it.

RESOURCES AND LINKS SHARED IN THIS PODCAST

Join the Growth Club: Access marketing training, business coaching, live online events and our secret community

Facebook Group: Join our safe and thriving Trades Freedom Club Facebook Group and trades community.

Inner Circle Coaching: Apply to join our Inner Circle marketing and business coaching programme.

Topics

SHARE THIS EPISODE
become a member
Join The Growth Club
Become a Growth Club member and get instant access to marketing training, business coaching, live online events and a secret community of professional trades.
JOIN NOW
facebook
Facebook Group
Join our safe and thriving Trades Freedom Club Facebook Group and Trades Community. Get help, support and accountability from other positive trades business owners.
Join Now
success
Inner Circle Coaching
Apply to join our Inner Circle Marketing and Business Coaching Programme. Guaranteed to grow your trades of construction business by a minimum of 100% in 12 months or less. 
Apply Now
LISTEN TO MORE EPISODES
subscribe to the podcast
Never miss an episode

Subscribe to our Podcast

Listen on your favourite apps
apple logo
Apple Podcast
spotify
Spotify
amazon music logo
Amazon Music
youtube
YouTube
© Trades Freedom Club. All Rights Reserved.
Site by Trades Freedom Club