Finances for trades

How's business? A simple question that often pops up at family catch ups, on fishing trips and over a quiet beer with mates. 

You might respond with “Great, I’m turning over $200k per month”, or “I’ve doubled my profit this year”. 

While these are both fantastic milestones, it’s your cash balance that you’ll lose sleep over. Even good businesses treading too close to the edge can fail - often unexpectedly and quickly. Oddly, you can be profitable and still go out of business. Or you can make significant ‘bottom line’ losses but still have a healthy bank balance.

Why? Cash. 

Poor cash flow is a major cause of small business failure, especially for trades.

Staying on top of your books, juggling paper receipts, understanding profit margins and improving cash flow aren’t exactly riveting topics, but they’re vitally important to running a successful trade-based business.

The Wandering CFO cuts the bullshit accountant speak and partners with you to help you understand your numbers, so you can make informed decisions and feel in control of your hard-earned bacon. We get a kick out of systemising – from automating bookkeeping, to implementing powerful construction software like BuildXact.

Leave the ho-hum stuff to us and make time for what you actually want to be doing.

Want to know more? Let’s talk: