Starting up your own trades business is an attractive proposition – be your own boss, keep all the profits, take holidays when it suits you, run your business from home, the list goes on! The advantages are certainly in your favour but even with the best intentions, it can be difficult to know where to begin.
We’ve put together a few quick tips to help you get started.
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If you don’t, or if you’re starting a new business, it’s worth considering and pretty much essential to have a business plan in place so you know where you are heading. We’ve collated some of the best advice we could find so you can prepare your own business plan.
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Many tradies in businesses struggle with breaking through that glass ceiling and achieving huge success because the owners are stuck working in the business rather than on it. It’s important to stop. Don’t lose contact with your current business plan, your projects, or your staff.
Here we will talk about our four main tips on how you can ensure your business is growing rather than staying stagnant.
One of the major problems tradies face when it comes to getting financing for anything is they don’t fall under the loan applicant standards of conventional loans. Builders finance companies in Sydney that understand, or “get” today’s tradies know the importance of supporting local tradesmen and business. They work with you to find the financing that will fit your situation and needs. That’s why it’s good that there isn’t any one financing solution designed for everyone. Read more
You are the proud owner of a trade-related business that you intend to nurture and grow. You have all the tools, equipment, machines, training, knowledge, experience, and skills in your trade, but what kind of training, experience, and knowledge do you have about the financial side of running a business? Just like you have the training and skills in your trade, small business accountant in Sydney have the training, knowledge, experience, and expertise to help you with your taxes and finances. Without proper accounting, your business will flounder and it could face penalties if you fail to meet the regulatory standards of compliance. Read more
