Starting up your own business is an attractive proposition – be your own boss, keep all the profits, take holidays when it suits you, run your business from home, the list goes on! The advantages are certainly in your favour but even with the best intentions, it can be difficult to know where to begin. We’ve put together a few quick tips to help you get started.
Setting up a trade business is a great opportunity to earn more and also have your own freedom. But getting started can be challenging, especially in securing capital to purchase what you need and to set-up a viable operation. It is a common problem for any new start-up and unfortunately many businesses fail in the early years due to lack of funding.
Here are five ways to help fund your business and get some extra capital.
Starting up your own trades business is an attractive proposition – be your own boss, keep all the profits, take holidays when it suits you, run your business from home, the list goes on! The advantages are certainly in your favour but even with the best intentions, it can be difficult to know where to begin.
We’ve put together a few quick tips to help you get started.
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If you don’t, or if you’re starting a new business, it’s worth considering and pretty much essential to have a business plan in place so you know where you are heading. We’ve collated some of the best advice we could find so you can prepare your own business plan.
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Many tradies in businesses struggle with breaking through that glass ceiling and achieving huge success because the owners are stuck working in the business rather than on it. It’s important to stop. Don’t lose contact with your current business plan, your projects, or your staff.
Here we will talk about our four main tips on how you can ensure your business is growing rather than staying stagnant.
Whether you want to start a new trade business or you need funds to expand your existing business, small business loans are a necessary part of your journey and growth. You may need money for new equipment, tools, work vehicles or simply to manage your monthly cash flow cycle. Having a good Finance or Mortgage broker by your side that understands tradie business needs is key to helping you achieve your short and long term objectives. Read more
Budgeting seems to be one of those things that we all know we should be doing but tend to avoid. For tradies in business, it’s important to have a budget in place so you’re keeping up with your expenses and can manage your cash-flow. To get started, there are a few simple steps you can take to put a simple and regular budget in place.
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If you are a tradie or a subbie, you work with tools. Every tradesman has their special set of tools, equipment, and machinery required to perform a variety of tasks for customers who need things done. Without these tools, tradies wouldn’t have a business. That is the most important reason for tradesmen to carry tools of trade insurance. This insurance cover is crucial to subbies who own their own business in any trade. Read more
The most important thing you can do for your business is to get your name out to the public. You can be the best at what you do, but unless your potential clients know you are there, you cannot grow your business. Quality promotional magnets are good for making your business a household name. The following information will describe how these promotional tools can benefit your tradie business. Read more
For tradies, tool insurance is often one of the most important forms of insurance because of how often they use tools in their day to day work. If your tools are lost, stolen or damaged, it can be very expensive to have them replaced. But before you take out your tool insurance, it’s important to know what it covers so you can be sure it suits your situation.
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