Just about every contractor wants to earn more money...
But often the question in everyone’s mind is, how?
So, here’s a secret any good accountant SHOULD tell you…
Be proactive...
NOT reactive!
A reactive contractor never looks at their numbers, doesn’t have financial KPIs, and doesn't speak with their accountant more than once a year...
So, despite working harder and being busier than ever, gets to the end of the year only to realise that once again, they have made no money.
But a proactive contractor routinely looks at their numbers, has clear KPIs, and speaks with their accountant throughout the year...
Making course corrections and adjustments in strategy when needed at the time to ensure they earn the exact amount of money desired.
If you try to manage your income after the fact, you’re well past the point in which you can actually do anything that will change the outcome.
This is why if you want to earn more money, then you need to be on the front foot with your finances.
Golden Rule:
Work with an accountant that actually helps you understand your numbers, sets clear KPIs, and gives proactive advice throughout the year, rather than just at EOFY!
If you're an electrician, plumber, painter, carpenter, or any other tradie business owner who is looking for assistance with your tax, accounting, and bookkeeping - click here to learn more!
