Getting your Finances right is about 2 things: Profits and Cashflow. Otherwise, you will be working really hard and the rewards just won’t be there. Start by understanding the profit margins on each of the products and services you offer. From there you want to make sure you have the right combination of products and services to optimise your profitability.
Then there is the expense side making sure you run your business lean so you maximise the profit you make. Now profit is the first part you also want to make sure you have the cashflow and gearing of your business right so that you can accelerate towards where you want to get to.
Are you working hard but not making the profits you want? You see, most business owners want to make more profits and grow their business but are not sure how. Here’s the thing… To grow your business, there are 6 key drivers of profit to focus on. It’s called your
One of the first things we help business owners understand when we start working together is the number of sales they need to make the profit they want. This is important because it gives you something to aim for rather than taking whatever comes your way or ‘as much I can’. So what
Do you ever feel like you are working hard and not getting the returns for all the effort you’re putting in? Well, perhaps there could be something wrong with your underlying business model. Many small business owners have never even considered their business model, and so they don’t know if
Cash flow is the lifeblood of any small business. And that’s why it’s important to understand how to manage it effectively. In simple terms, you always need to make sure that more cash is coming in than going out. Otherwise you won’t be in business for long! And while generating
Many small business owners have never even considered their business model, and so they don’t know if it’s helping or hurting them. They don’t even know what’s really going on underneath their business, and sometimes business is a whole lot harder than it needs to be, because they never took
Would you like to make better financial decisions in your business? Many small business owners make their financial decisions based on what’s in their bank account (or what’s not in their bank account). Or it is based on how they are feeling and this can be a recipe for disaster.
Do you ever struggle to have enough money to pay your tax bill when it’s due? Would you like to have extra money to reinvest back into your business to help it to grow? For this to happen, you need to manage your money wisely. One simple and effective technique
Does your business need a quick cash injection? Many small businesses are sitting on a gold mine of cash that is tied up in their business in different forms. Releasing this can often provide a much needed cash injection for a business. What excess assets does your business have In
Are you putting lots of time, energy and effort into your business but not moving ahead financially? Then you could be working hard and going broke. The sad thing is that this story is all too familiar for small businesses especially in the first five years. Many just try and
We went from $12K profit last year to over $270K this year — but more than that, we’re finally working together, with less stress and more time for family.
We were struggling financially. That’s now changed with turnover up 19% in the last 6 months and we are averaging 16% net profit every month.
Revenue is up 11 times. I have gone from working 50 hours a week down to 30…plus I can now take a month off from my business.
I was able to make real changes – fast. I cut my workload by 15-20 hours a week, grew from 2 to 4 plumbers, and tripled my turnover within 8 months.
Turnover went grew $30K to $500K/mth and I went from 80 hour weeks down to 20. I can go away knowing my team will do the right thing
My working week went from 70-75 to 45 and not working weekends. For the first time as a business owner I have work/life balance.
I’m less stressed and the guys get a lot more of my time into how things work. I have freed up 4 hours a day and enjoy much more family time.
I’m enjoying life much more. Sales have grown by 30% and profits are up 60% this year following a similar result last year. Plus more time for hobbies.
We have grown from 6 to 9 staff. Revenue is up 30% and we have made as much profit in the first 6 months of this year than all of last year.
The training and years of interaction we shared helped set me on the right path, shaping the mindset and framework I still rely on today. My business has never been better, and more importantly, I have found a great balance between work and home life, something I do not believe would have been possible without Rueben’s coaching and the invaluable lessons I learned during our time together. Highly recommend.