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.
Would you like to make more profit in your business? Too often when business owners want to make more profit they think ‘I need to grow my sales’. While that’s true to a point, one of the easiest places you can increase your profitability is to take a look at
Do you have people that owe you money that should be in your bank account rather than theirs? Many business owners are scared to chase outstanding money in case their customers say no, or that they might get angry or they are afraid if they put too much pressure on
How often are you drawing money out of your business? Drawing from your business can lead you into a trap, especially if you treat your business as an ATM to spend for personal use or your company. Here is how you can avoid falling into that trap and still be
Business is a numbers game. It is essential to know your numbers so that you can maintain focus and have visibility on what is going on in your business. So are your numbers up to date? If you know your numbers, you will know where you are at in your
Have you ever been stuck in a situation where you are unsure of whether your pricing is too high or too low? It can be very tricky to get your pricing right because there are a number of variables for you to consider. This includes your competitors, your market or
A question we often get asked is how many sales do I need to make to make the profit I desire? So what is that magic number for you? Most business owners are wishy-washy with their sales numbers and will either just take whatever that comes their way or they
When owning your own small business it’s in your own best interest to make sure you are making a profit. To be successful in the long-term your business needs to be able to sustain enough money to cover running costs plus extra insuring that you are maintaining a beneficial income
As a business owner, calculating your break-even point is an important number for you to know. So what is the break-even point? Break-even is when your profit is zero, you’re not making money and you’re not losing money. Knowing your break-even point can be helpful in deciding prices, setting sales
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.