Are you doing these?
For any small trades business, using outdated methods and tools can make it hard to organise and manage time spent on jobs effectively. TIME optimisation is key. By making a few simple organisational amendments, the road to increased productivity, profitability, and ultimate business success doesn’t need to be a bumpy one.
Here are our 3 top tips to help you transform your trades business into a thriving well-oiled machine.
1. Ditch the paper. No, seriously. If you’re still using paper material and timesheets, you’re doing yourself a disservice. Paper timesheets and diaries mean that you have to spend excessive amounts of TIME calculating hours worked, and in this digital age, it’s unnecessary. Do yourself a favour and bite the bullet. Go DIGITAL!
2. Manage your finances. Yeah, we know it’s a broad term that’s usually much easier said than done, but, it doesn’t have to be. Effectively managing your business’s finances is a massive part of successfully running your business. Choose a software package, that will quickly display important information that’s relevant to YOUR needs. Trade Chimp offers a software solution for small trades companies that can show your businesses profitability and efficiency per job, or per technician. With the click of a button you can generate reports on how much you have outstanding with your suppliers, and you can download the handy App that lets your technicians submit their materials and timesheets electronically.
3. Be picky! Yes, you heard us right. Taking on every single job that comes in, and being run continuously off your feet doesn’t always translate into making more money. Knowing which jobs are profitable for you, and which ones you should be turning down doesn’t have to be difficult, you just need to look at the data you’re probably already generating and don’t even know. Trade Chimp can manage this data for you, and simplify it into easy to read reports that answer your burning questions: Will it be profitable? Should we take it on? Every trades businesses mantra should be WORK SMARTER, NOT HARDER.
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