Profit First For Tradies

Christmas is coming, but January bills are lurking. Here's how to prep NOW.As the holidays approach, it’s easy to focus on the here and now — busy schedules, last-minute jobs, and the rush to meet end-of-year demands. But what if we told you that spending a little time on your business finances now could make January, February, and beyond feel a whole lot easier? Today, Katie breaks down three practical, easy-to-implement steps to protect your cash flow, avoid late-paying clients, and manage your bills so you can enjoy the new year stress-free.In this episode of Profit First for Tradies, you’ll learn the following:Why the end of the year can be a nightmare for tradies’ cash flow (00:03)Why making the decision to take action NOW is half the battle (01:08)How identifying your key financial pain points can create a clear path forward (01:41)The importance of reaching out for help before you find yourself in a post-Christmas bind (02:21)Why taking action now could save you from a whole lot of stress (04:50)Don’t leave your business finances until the last minute. Taking just a little time now to plan could mean the difference between a calm, profitable start to the new year and a full-blown cash flow crisis. This holiday season, give yourself the gift of financial peace of mind.

If Profit First is failing you, don’t quit — let’s fix it together!In this episode, we dive into the frustrations many business owners face when trying to implement the Profit First system. You may have read the books, listened to the podcasts, or even given it a shot in your business, but still, the results just aren’t adding up. Why does it seem to work for everyone else except you? Katie unpacks the common mistakes, missteps, and hurdles she’s seen from business owners who’ve hit the wall with Profit First, offering practical tips to get things back on track.Whether you’ve fallen off the Profit First wagon, or you’ve just never felt like it’s working for your business, Katie’s advice could be the game-changer you need. Learn the key elements of setting up Profit First correctly, staying consistent, and adjusting the system as your business evolves. Plus, she offers a free resource to help you identify where you’re getting stuck.In this episode of Profit First for Tradies, you’ll learn the following:The frustration with Profit First (00:10)Three common Profit First pitfalls (01:11)The essential checklist to troubleshoot your Profit First issues and get moving toward sustainable success (03:05)Need Help? Here are your options (03:37)If Profit First has been a frustrating experience for you, don’t throw in the towel just yet. With the right adjustments and consistent application, it can absolutely transform your business. It’s never too late to get it right — take that next step to financial clarity and freedom!CONNECT WITH KATIE CRISMALE-MARSHALLEmail: [email protected] Instagram: https://www.instagram.com/profitfirstfortradies/ YouTube: https://www.youtube.com/@profitfirstfortradies9503/featuredFacebook Group: https://www.facebook.com/groups/profitfirstfortradies Facebook: https://www.facebook.com/ProfitFirstforTradies/Website: https://www.profitfirstfortradies.com.au/

Burnt out, stressed, and confused by your numbers? Let's fix that.In today’s episode, Katie dives deep into the hidden problems lurking in your Xero file that are silently sabotaging your business. Whether you’re a business owner doing your best to manage your books or you're working with a bookkeeper who’s missing the mark, these issues are leading to inaccurate reporting, poor bookkeeping processes, and dreaded surprise tax bills. But don’t worry — Katie’s here to help you turn it all around with simple, practical steps. She'll walk you through identifying red flags, streamlining your bookkeeping, and ensuring your Xero file is one of your best business assets, not your biggest headache.In this episode of Profit First for Tradies, you’ll learn the following:The 3 biggest frustrations business owners face with Xero files (00:30)The dangers of inaccurate reporting (02:00)The perils of inefficient bookkeeping and tips to streamline your processes (02:34)The worst outcome of mismanaged books: surprise tax bills (03:02)A quick and simple DIY audit to spot discrepancies in your Xero dashboard (03:26)The importance of asking for help when things don’t look right (04:57)How to get in touch with Katie (07:39)Ready to take control of your Xero file and breathe that sigh of relief? Don’t wait for things to get worse — open up your dashboard now, do a quick check, and start asking the right questions! QUOTES“You can simply open up your Xero dashboard and look at those three points, and if it doesn't make sense, then you know exactly what you need to do — you need to reach out and ask for help.” - Katie Crismale-MarshallResourcesXeroHubdoc

Tired of the daily grind with no clear end in sight? Discover the power of planning your success!In this episode, Katie dives into the crucial topic of goal setting and planning for trades businesses. She challenges the common resistance to planning, addressing the importance of having clear goals and a solid plan to navigate the unpredictable nature of the trades industry. Katie emphasises that planning isn't about following a perfect path but about having a direction to steer through challenges and achieve long-term success. By having a clear vision and actionable steps, you can navigate industry challenges more effectively, ensuring sustained growth and profitability.In this episode of Profit First for Tradies, you’ll learn the following:The common groans about planning and why tradies need to reflect on their business' purpose and end goals (00:31)The unpredictability of the trades industry and why having a plan still matters (01:06)The value of personalising your plans (02:42)First crucial point in planning: Visualise possibilities (03:22)Second crucial point in planning: Decide, declare, and write them down (04:07)Third crucial point in planning: Rough out the draft (04:45)Insights from a masterclass by Andrew Sparks (06:14)Setting clear goals and planning are essential for tradies looking to save time, money, and sanity in their business journey. This strategic approach not only helps in achieving personal and financial goals but also provides a roadmap for long-term success and stability in business. Remember, successful planning starts today — not tomorrow, not next month, not next year.CONNECT WITH KATIE CRISMALE-MARSHALL Email: [email protected] Instagram: https://www.instagram.com/profitfirstfortradies/ YouTube: https://www.youtube.com/@profitfirstfortradies9503/featuredFacebook Group: https://www.facebook.com/groups/profitfirstfortradies Facebook: https://www.facebook.com/ProfitFirstforTradies/Website: https://www.profitfirstfortradies.com.au/