Understanding the difference between Gross Profit and Mark-Up will change the way you price your jobs forever.
The start of the year is a great time to blow away the cobwebs and take a fresh look at the software driving your trade business. Can it handle a busy, growing workload? Or, will it create inefficiencies?
A well organised, efficient office is a key ingredient to running a plumbing business that is both profitable and fun to own. Does your office feel chaotic? Invoices piling up? Slow paying clients? A pile of quotes? Are you reliant on one or two key people who if they moved on would cause you major headaches? Getting your office under control so you can “work on your business” can be broken down into four simple steps.
With the global population climbing ever higher, and technology continuing to advance, the market for trade service businesses is experiencing fantastic levels of growth. As it expands however, many owners and operators in this sector may find their business models unable to keep up, and staff struggling to meet customer demand and expectation.
SMS messages are a technological feat not uncommon by any means to the thriving digital world around us. However, with a read rate of nearly 100%, what does sometimes seem lost on trade contracting businesses is the value of this simple service when it comes to improving ease of communication.
As your business grows you hire tradesmen and office staff. It’s an exciting time full of possibilities. However, after a few months the niggles set in.
If you’re one of the many SMEs operating in New Zealand, you’ll know how difficult and time-consuming provisional tax compliance can be. Particularly if trying to make the calculations without accounting software or help from a financial advisor, business owners are often left frustrated knowing their time and efforts could have been spent elsewhere.