Are you ready to take your tradie business to the next level but not sure where to start? Well, you’ve come to the right place for a big serve of inspiration to kick your business into the gear. With a bit of reviewing and tweaking you can start to get your business in tip top shape and ready to take on all those new clients.
Review your budget
You don’t have to wait till tax time to do this one. Although it can be tricky to always predict your outgoings and forecasting profits there are a few things you can review when doing a budget.
These come in the form of things like your fixed costs and deals you may have with suppliers. Things can change so it pays to shop around and make sure you’re still on the most suitable deal that suits your business.
Being aware of your business costs and your expenses and knowing when you may need to tighten the belt could help your business for the long run. That’s why it’s good to keep an eye on your budget and to review it at regular intervals.
Perfecting profits
Stop and take some time to look at your books. Review things like how much you are charging for jobs, paying for equipment and other expenses. Are there areas that you could be charging more for or scraping altogether to make a bigger profit for your tradie business?
It may be worth sitting with your accountant and having a chat about what’s working well for your business and what could be improved to help with profits in the future.
Seek out new opportunities
There is nothing wrong with constantly keeping those jobs coming through and seeking new opportunities allows for you to keep things fresh and flowing for your tradie business.
But if you’re feeling a bit stumped as to where to find new job opportunities for your tradie business, here are a few ideas:
- Look online especially on Facebook groups and online job boards. People often seek out tradies in local community groups, so jump on board and interact!
- Run some ads. Investing in some adverts for your business on platforms like Instagram, Facebook and Google might be that added boost of exposure that your tradie business needs
- Chatting to your clients and building good relationships is also a good way to grow your business through word of mouth referrals. Be sure to keep a few of your business cards ready with you to leave with clients
The magic of marketing
We’ve touched on some of the ways to create new opportunities for your tradie business above which uses some forms of marketing. The world of marketing is broad and covers many different aspects that you can employ to help grow your tradie business. Here are some ideas at how marketing can help:
- Register with online directories online, sometimes there may be an option to pay extra for a prime position or some advertising for your business. Look at the options and consider investing in promoting your business
- Review your signage and branding- does your branding really stand out or does it need a refresh? Is it consistently used across all touchpoints for when clients interact with your brand (from seeing your vehicle to booking a quote online?)
- Run a campaign or giveaway
Manage your risks
Protecting and safeguarding your tradie business from potential risks is an action that any tradie business owner can undertake. It’s about understanding the kind of risks your business is exposed to and ensuring that you have suitable measures in place to protect it for the long haul.
One of those measures is having the appropriate types of business insurances in place. While you may have taken your tradie insurance policies when you first set up your business, things change. Things like the type of business activities your business performs, the number of staff, the amount of business contents you own are factors to consider when managing your risk with business insurance.
If you haven’t reviewed your business insurance and want to start fresh, there is no time like the present. Just like the many other small business owners out there, you’ve got a lot going on and at the end of the day just want your business to thrive and survive.
That’s where BizCover can help. We know how busy you are, so let us look after your business insurance for you. Whether you’re a tradie that’s needing a full service overhaul of your policies or a newbie on the block who needs a certificate of insurance to go, we’ve got your tradie insurance needs sorted.
Jump online or give us a call on 0800 249 268 and get cover like no other with BizCover.
*This information is general only and does not take into account your objectives, financial situation or needs. It should not be relied upon as advice. As with any insurance, cover will be subject to the terms, conditions and exclusions contained in the policy wording. © 2023 BizCover Limited.
