I show you how to read a profit & loss statement and what essential pieces of information you should be concerned about in this report.

Let's walk through how to read a balance sheet and why it is so important.

In the first two videos of our tradie series, we covered the fundamentals of Markup vs Margin and calculating the true cost of labour for your trade business. Now, it’s time to apply those insights and build accurate quotes for different types of jobs.

Do you know the actual cost of labour per hour for your employees? It might be more than you think. If you pay an employee for fifty-two weeks of the year, they only work roughly forty-one to forty-two weeks of the year when you factor in time off.

Many businesses quote jobs using a markup percentage, believing it equals their profit margin. But what if I told you this common misconception could be costing your business $45,000 annually?

If you run your business using a discretionary or family trust, one smart move to reduce tax before June 30, 2025, is setting up a bucket company.