Tradies AccountantsTradies Bookkeepers

Starting and running a business can be daunting. Every tradie dreams of starting their own business and some are brave enough to try. However, you’ll learn that it’s the best business people who are successful, not really the best tradies. Are you a tradie or a tradie and a businessman too?

So, how do you run a successful tradies business?

Firstly, you need qualifications for your trade. You would also need to decide if you are a sole trader. Many trade businesses start as a one-man-band and work directly under their tax file number. You would be required to secure a business domain name and ABN, under which your business will legally operate.

Starting a trade business can be expensive. You’ll need to buy a truck, tools, supplies, signage and pay for marketing, domain, website, etc. You will need more capital if your clients can’t pay you straight away and need a 30-60 day invoice. Get all the help you can get. Depending on your state and trade, there are various small business grants you can apply for. These can help your business if you qualify.

Know your numbers and get the right technology for your business. A good cloud accounting program like Xero with great management software will allow you to see your business performance at a glance. This can be a game changer, especially if you have an accountant who will explain your numbers in detail weekly.

Systems are an investment for long-term sustainability. They make life and your daily operations easier. It offers consistency and a business that you can sell.

Make sure you have a mentor who will teach you all the right moves and help you achieve success. It would be great to have a been there, done that mentor who still owns and runs their own trade business.

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As you look for different ways to grow and improve your business, seeking professional advice could prove to be an important and helpful decision.

You can click here to speak to a businessaccounting and bookkeeping firm. We also offer hospitality business consultation and mortgage services. We will give you a call to know more about your needs. We will explain to you how we can improve your business.

We would love to help you formulate investment strategies and streamline your processes to take your business to the next level.  Our goal is to help you grow your business, find ways to invest more and increase your productivity.

Sky Accountants Ballarat

Phone: 1300 328 855

Office Address: 902 Howitt Street, Wendouree, Victoria 3355, Australia

Postal Address: PO Box 2234, Bakery Hill, Victoria 3354

Sky Accountants Gisborne & Macedon Ranges

Phone: 03 97444522

Office Address: 45 Hamilton Street, Gisborne, Victoria 3437, Australia

Postal Address: PO Box 270 Gisborne Victoria 3437