Determining the cost of a job accurately and efficiently can be challenging, overwhelming and fraught with risk. When you price a job right and win it, it can deliver instant improvements to your bottom line -- but getting it wrong can be a very expensive mistake.
Cash flow is the single most important aspect of financial management for any small -- or large -- business. Running out of cash is the major reason businesses fail.
As a business owner, making sure you have cash available (or at least the potential to generate cash) to meet your obligations is not only essential for survival, but is in many cases a legal obligation.
If you’re seeking to achieve business growth and expansion, it’s likely you’ll look to leverage the passion and talent of your employees. This might mean looking to your star performers, and it might mean looking for new hires.
The ultimate goal is to create autonomy within your workforce – you’re seeking to create a capability that works as if you were controlling it but with little need for your input. Think about that for a moment.
When autonomy is reached, you are free to turn your attention to higher level strategic matters which promote growth and expansion.
Tradespeople all over the world are reaping the benefits of cloud software that handles everything from creating quotes and scheduling jobs to generating invoices.
But how do you choose the right job management software that suits your trade business from a sea of providers?
To offer you some guidance, we’ve put together eight key considerations you should think about before making the investment.
Businesses today are quickly adopting cloud software as the benefits become more apparent and even necessary to keep a competitive edge – benefits like less paperwork, greater efficiency, and time savings.
Though, often this adoption is limited to a single program, like a cloud accounting program.
With just the one program in place, businesses may still see a complex web of manual processes in place, and realise they could benefit from integrated cloud solutions to simplify their processes and increase productivity even more.
Your digital presence as a business is absolutely crucial. If you want consistent work, to build trust in your brand, and the opportunity for growth, you have to know how to gather feedback, and how to embrace it.
Here, we’ve laid out the most important things you need to know about doing just that.
Does your office feel chaotic?
A well-organised, efficient office is key to running a trade service business that’s both profitable and fun to own.
Here are four simple steps you can take to get your office under control.
Xero recently conducted a study that revealed small business owners spend, on average, 10% of their day chasing late payments. That’s two days a month!
Surely that's too much wasted time – not to mention the detriment late payments can have on a business’ cash flow (which can, and often does, lead to business failure).
To help tackle the issue of late payments, we've got a convenient payment add-on in simPRO Enterprise and Service. Read on!